Gold Spot / U.S. DollarUpdated Bullish Flag on XAUUSD
Gold is currently moving in a bullish flag formation, for which the 1720 level is a Key Level.
if 1720 level is broken the trend is changing to bearish with targets around 1650
If 1720 is rejected we are going to the 1780s
Good Luck
if 1720 level is broken the trend is changing to bearish with targets around 1650
If 1720 is rejected we are going to the 1780s
Good Luck
Trade active
Gold moved exactly according to the channel's support and resistance and broke it from the support. Big Sells coming once the price falls below 1700.
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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.