Gold has had a hard last week with the price dropping 700 pips from 1990 recent top.
Bulls managed to put a stop on this selloff around 1915 and Friday close was above 1930 with a Doji candle on the daily chart.
At this point, Gold is trading in "no men's land" at around 1940, and with clear resistance at 1950-1955 and support at 1920 zone gold doesn't have a clear direction for now.
I will try to trade this range with buy orders in support and sell orders at resistance with a slightly bullish bias
Bulls managed to put a stop on this selloff around 1915 and Friday close was above 1930 with a Doji candle on the daily chart.
At this point, Gold is trading in "no men's land" at around 1940, and with clear resistance at 1950-1955 and support at 1920 zone gold doesn't have a clear direction for now.
I will try to trade this range with buy orders in support and sell orders at resistance with a slightly bullish bias
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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
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.