The release of econimic data sparked
XAUUSD
surge, breaking above the previous high and clearing the previous week's high, indicating a clear upward momentum. With the market reaching the key resistance zone at 2400, I believe it's prudent to wait for a pullback before anticipating the continuation of the bullish trend. I expect a correction towards the support area between 2363 and 2370, where we can look for a buying opportunity to confirm and aim to target the liquidity zone above 2400.
XAUUSDsurge, breaking above the previous high and clearing the previous week's high, indicating a clear upward momentum. With the market reaching the key resistance zone at 2400, I believe it's prudent to wait for a pullback before anticipating the continuation of the bullish trend. I expect a correction towards the support area between 2363 and 2370, where we can look for a buying opportunity to confirm and aim to target the liquidity zone above 2400.
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.