CFDs on Gold (US$ / OZ)Updated Gold to fall back down
I don't see the XAUUSD or Gold contracts rising much more.
We've retraced the 61.8% and yes, if we get a close above, we could go and test the previous swing high. But currently the price action appears to be stalling at the previous market structure.
No trade for me today but I will be looking for a continuation lower tomorrow if these current levels hold.
We've retraced the 61.8% and yes, if we get a close above, we could go and test the previous swing high. But currently the price action appears to be stalling at the previous market structure.
No trade for me today but I will be looking for a continuation lower tomorrow if these current levels hold.
Note
Gold is not healthy
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.
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.