Gold (XAUUSD) is in Strong Recovery Mode
Yellow metal is in a strong recovery mode. After a recent bounce from the area around 1720xx. After a bottom have seen in pervious trading sessions and it is in upward channel after breaking the downward channel with bottom confirmation
We are strongly in favor of Gold recovery phase followed by strong of yellow metal against majors, minors and exotics.
Trend: UP
Support 1: 1774.89
Support 2: 1770.82
Support 3: 1768.24
Resistance 1: 1781.54
Resistance 2: 1784.12
Resistance 3: 1788.19
We are strongly in favor of Gold recovery phase followed by strong of yellow metal against majors, minors and exotics.
Trend: UP
Support 1: 1774.89
Support 2: 1770.82
Support 3: 1768.24
Resistance 1: 1781.54
Resistance 2: 1784.12
Resistance 3: 1788.19
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.