Gold- Rise to 2k?
Yesterday, after a new intraday high, XauUsd started to correct and reached the support zone at around 1955 zone.
The precious metal reversed after touching this zone and is trading now at 1966 (time of writing)
Although yesterday's candle is a Pin Bar, I maintain my bullish bias and expect up continuation.
However, we should keep in mind that a drop under 1950-1955 confluence support could mean reversal to the downside and expose the 1930 zone
The precious metal reversed after touching this zone and is trading now at 1966 (time of writing)
Although yesterday's candle is a Pin Bar, I maintain my bullish bias and expect up continuation.
However, we should keep in mind that a drop under 1950-1955 confluence support could mean reversal to the downside and expose the 1930 zone
Note
NY Open Update:Looks like Gold is preparing for a new local high
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.