XAUUSD / SELL OPTION
The fundamental background is changing and it is reflected in the gold. The outflow of investments may continue. If the negative background intensifies, gold may fall lower after resistance zone /2670 - 2685/ retest.
Note
Important!
It's possible to have on daily frame a big Down movement around and below 2.5k,too.
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On a weekly chart, we have a bullish engulfing candle, which means that the upward movement is more likely to continue to 2820 and then to the next psychological target 3000!
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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.