Buy the dips in XAU/USD if a pullback happens
Hello everyone! XAU/USD has reversed it's trend from bearish
to bullish after hitting the lows at 1885. Since then, the price of Gold
is in a continuous uptrend.
📌At present, we can see that Gold is consolidating in the 1945 level.
📌 In the hourly chart, we can see the 100 hour moving average which is
acting as a support as well as the ascending trendline support.
📌If Gold pulls back and drops to 1928, I would consider buying the dip
provided there is some sort of bullish PA at the 1928 level.
to bullish after hitting the lows at 1885. Since then, the price of Gold
is in a continuous uptrend.
📌At present, we can see that Gold is consolidating in the 1945 level.
📌 In the hourly chart, we can see the 100 hour moving average which is
acting as a support as well as the ascending trendline support.
📌If Gold pulls back and drops to 1928, I would consider buying the dip
provided there is some sort of bullish PA at the 1928 level.
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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.
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.