GOLD (Symbol XAUUSD ON FXTRADING.com Platform)
Trend: Long Term Bullish / Short Term Bearish.
Relevant Key Levels: Support at $1445. Resistance $1610, $1650 and $1690.
Price Action: Price collapsed after a false break above the previous high at $1690. A Bearish Pin Bar formed mid last week, providing a further catalyst for massive declines into the end of last week.
Current Notes: There is major prior support at the $1445 area. Price collapsed below the $1650 and $1610 key levels (now short term resistance).
Trade Idea: We will consider looking to buy at $1445 after a price action buy signal, targeting a move back up to $1610 to $1650 area initially.
Relevant Key Levels: Support at $1445. Resistance $1610, $1650 and $1690.
Price Action: Price collapsed after a false break above the previous high at $1690. A Bearish Pin Bar formed mid last week, providing a further catalyst for massive declines into the end of last week.
Current Notes: There is major prior support at the $1445 area. Price collapsed below the $1650 and $1610 key levels (now short term resistance).
Trade Idea: We will consider looking to buy at $1445 after a price action buy signal, targeting a move back up to $1610 to $1650 area initially.
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.
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.