Gold Spot / U.S. DollarUpdated XAUUSD TECHNICAL ANALYSIS
We all know the news impact last week weaken the USD pair which gave room for a good bullish movement on GOLD, this week i believe the bullish movement will continue, what am looking out for is too actually follow the trend upward, then wait for rejection of the resistance then look for entry in lower time frame (30min)
Note
Gold is currently respecting the Green area supported higlihted, we would see a movement up to 1993.62 before a downtrend continues
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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.