Gold has broken above triangle's resistance, 1880 next?
As I explain in depth in my video analysis from Sunday, I work with 2 scenarios when it comes to Gold.
At this moment, it seems that we are in the bullish scenario with XauUsd price above the triangle's resistance that contained it since the mid of December.
The target for this pattern is 1880, which is also an old important resistance on the longer term time frames.
In conclusion, Gold will remain bullish as long as the price stays above the 1800 zone with close attention needed at 1820 figure which now should act as support.
At this moment, it seems that we are in the bullish scenario with XauUsd price above the triangle's resistance that contained it since the mid of December.
The target for this pattern is 1880, which is also an old important resistance on the longer term time frames.
In conclusion, Gold will remain bullish as long as the price stays above the 1800 zone with close attention needed at 1820 figure which now should act as support.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Bust your trading with 50% deposit bonus:
secure.m4markets.com/links/go/5426
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Bust your trading with 50% deposit bonus:
secure.m4markets.com/links/go/5426
Related publications
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.