Mihai_Iacob

Has Gold bottomed?

Mihai_Iacob Mis à jour   
OANDA:XAUUSD   Or / Dollar Américain
As explained yesterday, although XauUsd dropped a lot from the recent high, this drop is only a correction considering the recent 2k rise.
From price action point of view, yesterday bulls took control from 1932 and managed to drive the price up to 1950 resistance.
So far, things remain unclear and to consider a bottom in the recent low, we need a daily close above the 1950 confluence resistance.
If buyers are unable to do this, a test of 1920 is not out of the question.
Commentaire:
After a spike down, Gold broke the small consolidation to the upside.
A daily close above 1950 would signal the correction is over

🚀 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
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.