Gold- Up continuation to test ATH?
In my yesterday's comments, I explained why, after the false break of the confluence support there is a high chance of a test of the recent high.
Indeed, XauUsd has risen and tested exactly that point. A correction followed and now the price is consolidating.
The overall structure remains very bullish and traders could look to buy dips around 1990.
If Gold manages to break above yesterday's high, the most obvious target is the old ATH.
A drop under the 1975-1980 zone would put a pause on this scenario.
Indeed, XauUsd has risen and tested exactly that point. A correction followed and now the price is consolidating.
The overall structure remains very bullish and traders could look to buy dips around 1990.
If Gold manages to break above yesterday's high, the most obvious target is the old ATH.
A drop under the 1975-1980 zone would put a pause on this scenario.
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Publications connexes
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.