As I said yesterday, Gold looks bullish overall, not just on XAUUSD.
Right now, price is correcting after Friday’s huge rally – perfectly normal. The key level to watch is 3350 for buyers to step in.
For confirmation, we need a break above 3380. If that happens, I believe 3400 will fall this time, and in the medium term we could even see a test of the old 3500 ATH.
At the moment I’m out of the market, waiting for a trade that’s worth the risk. Patience is also a position. 🚀
Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Right now, price is correcting after Friday’s huge rally – perfectly normal. The key level to watch is 3350 for buyers to step in.
For confirmation, we need a break above 3380. If that happens, I believe 3400 will fall this time, and in the medium term we could even see a test of the old 3500 ATH.
At the moment I’m out of the market, waiting for a trade that’s worth the risk. Patience is also a position. 🚀
Disclosure: I am part of TradeNation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Trade active
XauUsd reversed exactly after touching 3350 zone.Clarification comes with a stabilization above 3380
📈 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.
📈 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.