Gold (XAUUSD)Long
XAUUSD → Expected to retrace to 2802-2794 after hitting 2835.
Hello, Traders!
like gold has made its ATH 2830, which was also a trendline that gold respected, and down now every thinking for retracement, but gold will do a breakout till 2835 like gold did on the previous trendline.
Gold will easily reach 2835 before dropping to the retracement level of 2794, thus I am bullish until 2835, when I will find a decent entry point for selling.
Support: 2802.
Resistance: 2830 Fib. Golden Zone: 2794–2796
Liquidity Zone: 2794
Gold will continue its trend following the retracement, but we need a decent entry point to sell almost from 2835.
like gold has made its ATH 2830, which was also a trendline that gold respected, and down now every thinking for retracement, but gold will do a breakout till 2835 like gold did on the previous trendline.
Gold will easily reach 2835 before dropping to the retracement level of 2794, thus I am bullish until 2835, when I will find a decent entry point for selling.
Support: 2802.
Resistance: 2830 Fib. Golden Zone: 2794–2796
Liquidity Zone: 2794
Gold will continue its trend following the retracement, but we need a decent entry point to sell almost from 2835.
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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.