In my yesterday's analysis, I said that Gold could reverse to the upside due to the daily Morning Star candle formation and the break above the recent falling wedge pattern.
Indeed, after a drop to 1910 support, Gold reversed and had 1930 high.
A correction followed after this rally, but gold stopped at 1920 recently formed support and is trading at the time of writing at 1927.
The rise is very well sustained by bulls and looks like is forming a stears type of growth.
In conclusion, my outlook remains unchanged: buy dips for a target at 1940 with negation only under yesterday's low.
Indeed, after a drop to 1910 support, Gold reversed and had 1930 high.
A correction followed after this rally, but gold stopped at 1920 recently formed support and is trading at the time of writing at 1927.
The rise is very well sustained by bulls and looks like is forming a stears type of growth.
In conclusion, my outlook remains unchanged: buy dips for a target at 1940 with negation only under yesterday's low.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
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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.