As you know, I was bullish Gold all week and also bought around 1930. Unfortunately, my buy trade was closed with a low when XauUsd dropped under 1920 2 days ago. At this moment, I'm out with no trade running, but my bullish bias remains. However, for opening a long trade I need more confirmation and this comes with a break back above 1935, which at this moment is confluence resistance given by the falling trend line and the horizontal level. In conclusion, at this moment there is a potential higher low in place, and confirmation for this comes with a break above 1935. Also, a positive day close will give us a Morning Star candle formation on the daily chart and a week close above 1940 will give us a Pin Bar on the weekly chart. So, for now, wait and see is my approach.
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.