Bullish Trend, ATH WILL be tested again. But when?
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I really think people are overthinking xauusd. Golds supply is low and it is a safe-haven. It was just overdue for a correction…I think these buys are still in play if 2880 holds up. If not then the correction is only going deeper and the buys will come back into play. I thing small long positions as we wait for market to push back up is the best biased opinion. My unbiased and more aggressive approach is watching gold at market open and waiting for a breakout below 2880 or a rejection upwards from this point. Market is liable to move sideways as traders fight back and forth but never forget to TRADE WITH THE TREND in times of uncertainty. Good luck trading.
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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.