Gold daily chart with major zones. The precious metal is consolidating its recovery below $1890, as higher US dollar and yields limit the upside. The $1800 level now looks like it is sigh and if retaken it could be a coup XAUUSD and would open the doors towards the June 17 highs of $1825. The $1763- $1755 demand zone will emerge as strong support for the bullish traders. The next support is seen at $1729.
We are considering selling after a retracement, near $1845 to $1875 supply zone and after price action sell signal.
This is a forecast and not a signal.
We are considering selling after a retracement, near $1845 to $1875 supply zone and after price action sell signal.
This is a forecast and not a signal.
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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.