Candlestick_OB

Gold Correction Approaching Buying Zone

Long
Candlestick_OB Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold is currently in a corrective phase towards the next buying zone, which is located between 1891.142 and 1876.102. We will wait for any signs of a reversal to consider it the end of the correction and a continuation of the upward trend towards 1922. However, if the price continues to decline below the level of 1865.10, it will be a sign of a bearish trend in the coming days.

-------------------------------------------------------------------------
Let me know your thoughts in the comments, and show your support by liking the idea.
Please follow if you're interested in more ideas like this.
Your support is greatly appreciated!
Trade closed: target reached:
Target Reached

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.