On Friday, Gold broke the uptrend line support and dive under 1700.
Now the price found some kind of support in the 1680 area and we can assist in an attempt to reconquer 1700 at the beginning of next week.
In my opinion, the yellow metal can drop to 1640-1650 in the medium term and rallies above 1700 should be sold.
A daily close above 1720 would negate this scenario and give sellers reason for a pause
Now the price found some kind of support in the 1680 area and we can assist in an attempt to reconquer 1700 at the beginning of next week.
In my opinion, the yellow metal can drop to 1640-1650 in the medium term and rallies above 1700 should be sold.
A daily close above 1720 would negate this scenario and give sellers reason for a pause
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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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.
📈 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.