After reaching a maximum of 1555, gold dropped to 1460 in a corrective manner. We believe this correction is over and a new leg up is coming. At the moment the gold is trading above the psychological level from 1500 and above the downward trend line that offered resistance until yesterday.
Buy dips around 1500 could be a good strategy, at least a retest of 1550 area being very probable
Buy dips around 1500 could be a good strategy, at least a retest of 1550 area being very probable
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.