After breaking above 1840-1850 resistance and reaching 1870 for the first time since the beginning of the year, Gold has started trading in a choppy and annoying manner.
I think things will clarify soon and bulls will take total control.
That being said, I expect a new leg up from the yellow metal, and 1950 resistance could be swing trader's target.
Gold under 1840 would delay this scenario
I think things will clarify soon and bulls will take total control.
That being said, I expect a new leg up from the yellow metal, and 1950 resistance could be swing trader's target.
Gold under 1840 would delay this scenario
Note
Gold broke consolidation.My trade +200 pips at this moment
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📈 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.