VasilyTrader

GOLD: Where is support?

Short
OANDA:XAUUSD   Or / Dollar Américain

I was asked a lot to post some updates on gold .

Currently, I don't see any good opportunities for entry.
It looks like bears will keep pushing the market lower.

The first area of support on focus will be around 1435 level.
This area is based on the rising trendline on a weekly
+ 1.272 extensions of the previous bearish impulse.

I will be looking for a long opportunity from the underlined zone,
however, for now, it is quite early to talk about entries.


what is interesting is that if the market breaks below this trendline ,
potential profits for sellers will be extended even to 1370 levels.

✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel www.youtube.com/c/VasilyTrader

💰Instagram: www.instagram.com/VasilyTrader/ 💰

✅Facebook: www.facebook.com/VasilyTrading/
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.