XAUUSD:Gold prices rebounded weakly
The daily chart shows that gold has held steady support around $1950 for the past week, but it should be noted that after gold broke through the key support of $1980 and turned down, the short-term correction may provide impetus for further declines.
Looking ahead, if gold falls further below $1950, the market is expected to further downside to test the 1900-1920 area support. More importantly, once it loses $1920, it means that gold returns to the weekly large range consolidation, and the space below will be further opened
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As my analysis gold fell below 1950 all the way down. Congratulations to my VIP for reaping another huge profit today
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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.