Is Gold turning bullish again?
This week I draw attention several times to 1880 support and the possibility of a turn from this point, and, indeed, after a short-lived dip under this zone yesterday in the Asian session, Gold turned, leaving a nice Pin Bar on our daily chart.
At the time of writing, XauUsd is trading above 1900 again and there is a high probability of a bottom, marked by Pin Bar's tail.
Going further, my strategy remains the same: buying dips against the low with a target at 1920 resistance.
A new low would negate this scenario.
At the time of writing, XauUsd is trading above 1900 again and there is a high probability of a bottom, marked by Pin Bar's tail.
Going further, my strategy remains the same: buying dips against the low with a target at 1920 resistance.
A new low would negate this scenario.
📈 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.