Gold Spot / U.S. DollarUpdated XAUUSD
last week, the gold experienced a rejection at 1557, forming a double top and then heading down towards 1500 level.1502 was the lowest price hit in last Friday and then back tested resistance 1526 - 10EMA in H1/H4/daily chart.
today, this yellow metal seems weak, and had a lower low than last week- 1497.7
But as we see in daily, if price stopped heading down from today's low, then we may see expect a spike up tomorrow, 1512 on the way. if price broke down though 1497, then 1480 would be the next stop.
today, this yellow metal seems weak, and had a lower low than last week- 1497.7
But as we see in daily, if price stopped heading down from today's low, then we may see expect a spike up tomorrow, 1512 on the way. if price broke down though 1497, then 1480 would be the next stop.
Note
support zone 1493 - 1497
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.
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.