Mihai_Iacob

Gold remains in a very important juncture point

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Since March touch of the ATH above 2000. Gold has entered a downtrend and has dropped 3500 pips from that top to 1680 important support.
A recovery followed from this point and now XauUsd is trading 1k pips up in a very important juncture point.
This zone is an important resistance marked by the lows of the first half of the year and the falling trend line zone and a reversal from here would expose 1680 again with interim supports at 1740 and 1715.
On the other hand, a clear-up above 1800 would signal a reversal of the long-term bull trend.
My approach is to wait and see for now.



🚀 Elevate your trades with a 20-year market veteran!

📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals

💎 Crypto Channel:
t.me/FanCryptocurrency

🌟 Premium Contact:
t.me/IacobMihai
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.