Gold Spot / U.S. DollarUpdated XAUUSD
the yellow metal has been hovering around the support of upward trendline for a while, and clearly broke the recent downtrend since 1557. for the last couple of hours, prices are doing sideways between 1489 and 1495
looking into fibo retracement from top 1557 to recent low 1484, it's very likely to retest resistance zone of 1497 to 1501 and then 1520 is a key resistance to watch.
I am not taking any trades now, waiting for more confirmation.
Just sharing some ideas.
looking into fibo retracement from top 1557 to recent low 1484, it's very likely to retest resistance zone of 1497 to 1501 and then 1520 is a key resistance to watch.
I am not taking any trades now, waiting for more confirmation.
Just sharing some ideas.
Note
1495 got cracked.. retest and buyTrade closed: target reached
seems like the resistance zone is showing its power..will it retrace a bit today?
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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.