Or / Dollar AméricainMis à jour What is the best level to buy Gold now? Discussed below
Hello everyone, the 1890 level gave us a trend reversal in Gold.
If you look at the chart, you can clearly notice how the trend changed
from bearish to bullish in Gold.
📌 In the hourly chart in Gold, you can notice that XAU/USD is being
supported by the ascending trend line as well as the hourly moving average.
📌 Currently, the price of Gold has hit a minor roadblock in the 1935 level.
However, according to me, this level is a very weak resistance.
📌In case Gold pulls back from this level and reaches 1920-1922, then I would
consider a buy entry with TP at 1955. Keep in mind that this set-up would be valid
only if we can see some bullish price action after Gold touches the 1920 level.
If you look at the chart, you can clearly notice how the trend changed
from bearish to bullish in Gold.
📌 In the hourly chart in Gold, you can notice that XAU/USD is being
supported by the ascending trend line as well as the hourly moving average.
📌 Currently, the price of Gold has hit a minor roadblock in the 1935 level.
However, according to me, this level is a very weak resistance.
📌In case Gold pulls back from this level and reaches 1920-1922, then I would
consider a buy entry with TP at 1955. Keep in mind that this set-up would be valid
only if we can see some bullish price action after Gold touches the 1920 level.
Note
It seems gold has broken through the minor roadblock at 1935
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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.