Gold/XAUUSD LONG/BUY
🔰 Pair Name : XAU/USD
🔰 Time Frame : Daily
🔰 Scale Type : Long Scale
🔰 Direction : LONG /BUY
Regardless on the strong selling force formed by the fear of the US dollars seemed gained some strength last week, Gold now on a a strong daily support at 1937$. With a bullish pin bar formed at daily closure, it double confirmed the price at Fibonacci level 50% will be at least retrace back to it's previous daily support at Fibonacci level 38.2% around 1981$ area, after the price hits the bottom of a 4H downtrend. Which aligned with the lower forecast of initial job claims data that will be released tomorrow.
However, be aware the Powell Testimony is still ahead, if the speech carries out positive solutions for the US economy and inflation, or Powell shows strong confident in American economy, it will boot dollar strength and possibility change the market sentiment.
🔰 Time Frame : Daily
🔰 Scale Type : Long Scale
🔰 Direction : LONG /BUY
Regardless on the strong selling force formed by the fear of the US dollars seemed gained some strength last week, Gold now on a a strong daily support at 1937$. With a bullish pin bar formed at daily closure, it double confirmed the price at Fibonacci level 50% will be at least retrace back to it's previous daily support at Fibonacci level 38.2% around 1981$ area, after the price hits the bottom of a 4H downtrend. Which aligned with the lower forecast of initial job claims data that will be released tomorrow.
However, be aware the Powell Testimony is still ahead, if the speech carries out positive solutions for the US economy and inflation, or Powell shows strong confident in American economy, it will boot dollar strength and possibility change the market sentiment.
Transaction en cours
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.