Gold- 1760 zone is strong ceiling
After dropping hard Monday on Asian session, as normal, Gold rebounded and filled the gap.
At this moment XauUsd is still in a correction phase and a small leg up is not out of the question.
However, considering the power of the drop I will not trade on the long side but look for selling opportunities.
As I mentioned yesterday, 1760 zone could be a good place for short trades, and only Gold back above 1795 would change my strongly bearish outlook
At this moment XauUsd is still in a correction phase and a small leg up is not out of the question.
However, considering the power of the drop I will not trade on the long side but look for selling opportunities.
As I mentioned yesterday, 1760 zone could be a good place for short trades, and only Gold back above 1795 would change my strongly bearish outlook
Christmas & New Year Offer: 40% Discount- More Details: t.me/IacobMihai
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
📈 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.