XAUUSD LONG
XAUUSD is currently resting the strong support of 1321 price zone. A possible bounce is expected to take the price action back to 1355 resistance zone. A break below the current level will take the price down to 1307. The odds of that happening depends on the strength of the Dollar if it can sustain the past few days bullish momentum.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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.