Gold and the way to find the bottom
Updated
⚡️US bond yields will play an important role in influencing the USD price action in the absence of any relevant economic data from the US.
Additionally, the broader risk sentiment will allow traders to seize short-term opportunities around Gold prices over the weekend and into the new week.
⚡️From a technical point of view, Gold is on a clearly declining range. At the weekly frame, Gold is heading towards the target of $ 1870 as the nearest landmark.
⚡️BUY XAUUSD: 1878 - 1880
❕Stoploss : 1875
✔️Take Profit : 1885
✔️Take Profit : 1890
✔️Take Profit : 1895
Note : TP, SL full to be safe and win the market !
Additionally, the broader risk sentiment will allow traders to seize short-term opportunities around Gold prices over the weekend and into the new week.
⚡️From a technical point of view, Gold is on a clearly declining range. At the weekly frame, Gold is heading towards the target of $ 1870 as the nearest landmark.
⚡️BUY XAUUSD: 1878 - 1880
❕Stoploss : 1875
✔️Take Profit : 1885
✔️Take Profit : 1890
✔️Take Profit : 1895
Note : TP, SL full to be safe and win the market !
Note
Gold prices remain firm at five-month lows as market participants seek solace in the US Dollar amid uncertainty ahead of this week's top data/events. Also putting downward pressure on XAU/USD could be pessimism around one of the world's biggest users of the commodity, namely China.Note
Note
Gold has followed our analysis, but the 1884 support area is still strong, so it helped gold to find the 1900 price area.Note
Just like I analyzed gold has reversed the uptrend. Today we will catch a rally of the market. Currently in the channel we are setting up a sell order 1920-1922. expect gold to reach 1915 so we can take profit.
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