Buy the dips in XAU/USD if a pullback happens
Hello everyone! XAU/USD has reversed it's trend from bearish
to bullish after hitting the lows at 1885. Since then, the price of Gold
is in a continuous uptrend.
📌At present, we can see that Gold is consolidating in the 1945 level.
📌 In the hourly chart, we can see the 100 hour moving average which is
acting as a support as well as the ascending trendline support.
📌If Gold pulls back and drops to 1928, I would consider buying the dip
provided there is some sort of bullish PA at the 1928 level.
to bullish after hitting the lows at 1885. Since then, the price of Gold
is in a continuous uptrend.
📌At present, we can see that Gold is consolidating in the 1945 level.
📌 In the hourly chart, we can see the 100 hour moving average which is
acting as a support as well as the ascending trendline support.
📌If Gold pulls back and drops to 1928, I would consider buying the dip
provided there is some sort of bullish PA at the 1928 level.
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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.