Gold - XAU - Weekly Outlook
Hello traders, I hope everyone had a great weekend. Markets open soon and we are going to take a look at Gold.
Gold looks good for a buy this week. We broke impulsively from market structure and are soon to re-test this previous Supply Level.
Watching our Daily Demand Block & 0.5 Fib level for entries and a strong reaction.
A confirmed support within our Demand Block would take Gold near its previous highs where we will look for a potential push towards our 0.5 Fib or a rejection from the bears. $1230 being a major resistance zone. Lets have a good week of trading!
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Gold looks good for a buy this week. We broke impulsively from market structure and are soon to re-test this previous Supply Level.
Watching our Daily Demand Block & 0.5 Fib level for entries and a strong reaction.
A confirmed support within our Demand Block would take Gold near its previous highs where we will look for a potential push towards our 0.5 Fib or a rejection from the bears. $1230 being a major resistance zone. Lets have a good week of trading!
Follow on Twitter - Website link in Bio
Trade fermée: cible de profit atteinte
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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.