On Monday Gold dropped under channel's trend line support, just to find bids at 1840 support.
In short term the outlook is unclear. However, in the medium-term the yellow metal remains bullish and swing traders can look for buying opportunities at the mentioned 1840 support.
The next very important support is 1800 and only a drop under this zone would put XauUsd in a bearish mode.
In short term the outlook is unclear. However, in the medium-term the yellow metal remains bullish and swing traders can look for buying opportunities at the mentioned 1840 support.
The next very important support is 1800 and only a drop under this zone would put XauUsd in a bearish mode.
📈 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.