XAUUSD - Long
Confluences:
1) Gold broke through 1934 resistance zone and continued to rise
2) Pull back on Friday to produce wick was based on reports Donald Trump had performed better than expected in the elections however Biden has now declared victory
3) Thursdays rally led to price closing above 20/50/100 ema - Friday held above these levels
1) Gold broke through 1934 resistance zone and continued to rise
2) Pull back on Friday to produce wick was based on reports Donald Trump had performed better than expected in the elections however Biden has now declared victory
3) Thursdays rally led to price closing above 20/50/100 ema - Friday held above these levels
Note
Vaccine news ruins my beautiful chart! Waiting for the dust to settle and a bit more clarity about just how significant this news really is before trading (it still seems that there are a fair few safety milestones that need to be passed before this vaccine becomes a reality!)
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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.