In Friday's commentary, I was wondering if Gold turned bullish. And, indeed, after a new dip to 1740, the price revered and has started to grow.
At this moment gold in trading exactly in resistance and still under the descending trend-line.
A break of the horizontal resistance can clarify the future direction and expose 1780-1785
On the other hand, reversal here could lead to a new low under 1730
At this moment gold in trading exactly in resistance and still under the descending trend-line.
A break of the horizontal resistance can clarify the future direction and expose 1780-1785
On the other hand, reversal here could lead to a new low under 1730
Note
This consolidation under 1760 resistance should lead to a strong breakNote
After a short lived dive under 1750, bulls took control
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.