26/05 - Gold still faces obstacles
Updated
The price of gold has declined recently and struggled to stay above $1,940. This is because the US Dollar Index is quite strong at the moment.
Investors are feeling anxious about the possibility of a US treasury default, which has resulted in a negative market sentiment.
The gold price has experienced an imbalance due to a breakdown in the previously formed consolidation range of $1,952-1,985.
Gold may find support near its highest point on May 13, which was $1,914.67.
XAUUSD
SELL 1953-1956
Stop Loss 1963
My own expected return is 1949-1940-1935
How about you?
NOTE: Always put TP, SL to keep your account safe and win the market!
Investors are feeling anxious about the possibility of a US treasury default, which has resulted in a negative market sentiment.
The gold price has experienced an imbalance due to a breakdown in the previously formed consolidation range of $1,952-1,985.
Gold may find support near its highest point on May 13, which was $1,914.67.
XAUUSD SELL 1953-1956
Stop Loss 1963
My own expected return is 1949-1940-1935
How about you?
NOTE: Always put TP, SL to keep your account safe and win the market!
Note
1956 runningNote
1946 => 100pipsNote
Return 1941 => 150pipsNote
Gold 1938.8=> +170pips
Related publications
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.