Gold might pivot higher again
Gold is retracing off the dynamic support area on the daily chart and is now moving within the second day of recovery.
Despite the strengthening US dollar, Gold seems to be keeping the momentum, but, it probably, won't do that for too long.
However, we can still consider opening a long trade for 2-3 days if the price would retest the lower band of Bollinger Bands, as shown in the chart.
Always do your own research and never forget to manage your risk!
Despite the strengthening US dollar, Gold seems to be keeping the momentum, but, it probably, won't do that for too long.
However, we can still consider opening a long trade for 2-3 days if the price would retest the lower band of Bollinger Bands, as shown in the chart.
Always do your own research and never forget to manage your risk!
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.
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.