XAUUSD (GOLD) BOUNCE ON 50 UP TO NXT LVL 1681
So this is my idea on what we are about to see happen for XAUUSD once the markets reopen. Since we can see a double bottom has recently formed I am thinking that we are in a prime position to see a 50% retracement from here before bouncing back up towards the next noticeable resistance area around 1681.
Let me know your thoughts and feedback or even just a quick "I Confirm" or "I Disagree" would also be appreciated.
Let me know your thoughts and feedback or even just a quick "I Confirm" or "I Disagree" would also be appreciated.
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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.