Gold Spot / U.S. DollarUpdated Xau/Usd Analysis
Did an earlier analysis of the chart. this area is a pretty good support. hope this gives more to what I posted earlier. the pair is currently testing a support for not only the Linear regression but also the falling wedge. may go higher to retest fib extension 100% line at 1740 before see a drop to the downside.
Trade active
It may go back and retest the 130 level before pushing through the pink line. if retests the 130 level is where I will enter the trade for a long until reaching the 140 level.
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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.