Yesterday I said that I'm looking to sell it, and although my target was at 1820, and it wasn't touched, I managed to close my short with a pretty decent 200 pips profit.
At this point, Gold is stuck in a range between 1830 and 1860 with no clear direction as long as these support and resistance zones are intact.
Looking at the price action though, dips seem to be bought, and that gives me a slightly bullish outlook.
That being said I will wait for confirmation for a buy trade.
On the other hand, a clear drop under 1820 could accelerate losses for the yellow metal and a dive under 1800 becomes probable at this point
At this point, Gold is stuck in a range between 1830 and 1860 with no clear direction as long as these support and resistance zones are intact.
Looking at the price action though, dips seem to be bought, and that gives me a slightly bullish outlook.
That being said I will wait for confirmation for a buy trade.
On the other hand, a clear drop under 1820 could accelerate losses for the yellow metal and a dive under 1800 becomes probable at this point
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Publications connexes
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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.
📈 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.