On the flip side, the upper band of the Bollinger on the daily chart and Pivot Point one-day R1 restricts the immediate upside of the Gold Price near $1,950.
More importantly, the 100-DMA and Pivot Point one-day R2, close to $1,957–58, appears a tough nut to crack for the XAU/USD bulls before rushing towards the Fibonacci 23.6% on one-month surrounding $1,970.
Overall, the Gold Price has fewer barriers toward the north but the US inflation data can test the bulls.
Gold buy 1944
Target 1950
Target 1960
Target 1970
More importantly, the 100-DMA and Pivot Point one-day R2, close to $1,957–58, appears a tough nut to crack for the XAU/USD bulls before rushing towards the Fibonacci 23.6% on one-month surrounding $1,970.
Overall, the Gold Price has fewer barriers toward the north but the US inflation data can test the bulls.
Gold buy 1944
Target 1950
Target 1960
Target 1970
Note
Gold buy confirm tradeNote
Strongly holdNote
Follow My ChartNote
Support usNote
10 pips profit startNote
Gold buy confirmNote
Strongly holdNote
Buy confirmNote
Follow My ChartNote
Support usNote
20 pips running keep hold buyNote
Strongly holdNote
Buy confirm tradeNote
Enjoy free signalsNote
100% perfect targetNote
Support usNote
30 pips running keep hold buyNote
Hold guysNote
Buy confirm signalNote
100% perfect targetNote
Support me
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.