The pair is overall on negative mode long-term basis. However, judging the bottom of the channel 17.3700 area or slightly below, BUY entry might look interesting for a recovery medium-term.
Gold is under pressure4 again and medium-term is is overbought, considering that, the pair may find benefit moving back towards 18.1000 area again.
Strategy BUY into 17.35-17.45 region for profit target 18.0975.
Gold is under pressure4 again and medium-term is is overbought, considering that, the pair may find benefit moving back towards 18.1000 area again.
Strategy BUY into 17.35-17.45 region for profit target 18.0975.
Trade closed: target reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.