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GC1! (Gold Futures)

XAUUSD Is it time to finally break above the 3 year Resistance?Gold (XAUUSD) entered yesterday the Resistance Zone that has been in effect for more than 3 years (40 months actually) since the week of August 03 2020. The main characteristic of this zone is that even though the 1W (weekly) candles broke within it, they all closed eventually back below it. And this is why we make this analysis today on the 1W time-frame instead of the 1D, which is about to complete a Golden Cross. The question on everyone's mind and rightly so is, will Gold finally break past this Resistance or it will be emphatically rejected into a new round of selling as the previous 3 times? Of course there is no definitive answer but we need to look at the pattern dynamics infront of us. The current rally since the October 02 (1W) Low has a distinct set of features that wasn't present in the other times the Resistance Zone was tested. Its bottom was made exactly on the 1W MA200 (orange trend-line) and the first pull-back found support and rebounded on the 1W MA50 (blue trend-line). This indicates bullish bias of buying on key demand trend-lines that we didn't see on the previous tests. The 1W MA50 rebound in particular basically invalidated the similarities with the May 31 2021 rejection, which broke below the 1W MA50 and was later rejected on it, turning it into a Resistance. So what's next? Well despite the obvious different buying pressure on this rally, if the current 1W candle closes below the Resistance Zone, it will be a bearish sign. And the fact that it is such a long-term Resistance, makes a potential sell-off of significant magnitude. If however it closes inside the Resistance Zone, Gold will have made the first step after more than 3 years to finally attempt to break above it in December and make a proper new All Time High (May 01 2023 was just a marginally ATH). What do you think will prevail? Rejection or new ATH? BONUS MATERIAL See how successful and accurate trading on a long-term time-frame can be: ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
FX_IDC:XAUUSD
by TradingShot
GOLD | US Q3 GDP Revised Up To 5.2%, DXY BouncesUS GDP KEY POINTS: - US GDP Q3 (2nd Est) Actual 5.2% Vs 2.1% Previous. - GDP Price Index QoQ (2nd Est) Actual 3.5% Vs 1.7% Previous. - Markets Continue to Price in More Aggressive Rate Cuts from the Fed in 2024, Weighing on the US Dollar. The US economy grew at an annualized rate of 5.2% in Q3 2023, above the forecasted figure of 5% and revised from the initial estimate of 4.9%. The latest GDP estimate is based on more complete data than the previous "advance" estimate. The update showed upward revisions to nonresidential fixed investment and state and local government spending, but there was a downward revision to consumer spending. Residential investment increased faster than expected (6.2% vs 3.9% in the initial estimate), private inventories contributed more to growth, and government spending increased at a faster rate (5.5% vs 4.6%). However, consumer spending only rose by 3.6%, slightly lower than the initial estimate but still the largest gain since Q4 2021. Disposable personal incomeincreased $144.0 billion, or 2.9 percent, in the third quarter, an upward revision of $48.2 billion from the previous estimate.Real disposable personal incomeincreased 0.1 percent, an upward revision of 1.1 percentage points. US ECONOMY The US Dollar lost ground despite the data today. There is optimism for earlier rate cuts in 2024, with Bill Ackman suggesting the Fed may act sooner. Fed Policymakers have taken a dovish tone, although Bowman remains slightly hawkish. The US economy is expected to slow down in Q4 due to higher borrowing costs affecting hiring and spending. The Service sector remains a concern for the Federal Reserve due to high demand and elevated prices. It will be interesting to see how the US economy fares in late 2023 and early 2024 in its fight against inflation. MARKET REACTION OANDA:XAUUSD Following the data release the dollar index remained relatively unchanged which shouldn’t come as a surprise. Since then, the DXY has actually retreated a bit but still remain marginally up for the day as it looks to bounce back from 4-month lows. Gold prices surprised me yesterday if I am being honest but the explosion above the $2000 mark came about largely as markets priced in more rate cuts from the Fed in 2024. At current price levels there is not a lot to analyze from a technical standpoint as price has barely traded at these levels in the past. However, should we fail to break above the $2050 mark and given the speed of the rally yesterday we could get some form of retracement. Gold bulls will hope for a weekly candle close above the $2000 mark which would be a meaningful step toward further upside.
OANDA:XAUUSD
by TVS-Trader
1
GOLD continues to climb to the top after the GDP reportWorld gold prices today continued to climb to a peak after the latest report showed that US GDP in the third quarter increased by 5.2% instead of the estimate of only 4.9%. Today's world gold price listed on Kitco is at 2,042 USD/ounce, up 2 USD/ounce compared to early yesterday morning. Precious metal prices continued to climb to their peak after the latest report showed that US GDP in the third quarter increased by 5.2% instead of the estimate of only 4.9%. Stronger GDP data boosted the USD and put slight pressure on gold in mid-week trading. However, expectations that the US Federal Reserve (Fed) may cut interest rates in the first half of next year continue to keep bullion near a 7-month high.
OANDA:XAUUSDLong
by Xayah_trading
GOLD → Correction after a false breakdown. US GDP aheadOANDA:XAUUSD reaches the previously mentioned 2050 area a bit faster than we expected. The rally is followed by a logical correction. But how long will the correction last? On D1 we see a counter-trend correction in TVC:DXY . The correction may last until the publication of GDP related news, which is published today at 15:30 GMT. Analysts are expecting the same level of gdp that was released in November. GDP is the broadest measure of economic activity and a key indicator of the health of the economy. Gold may test one of these liquidity areas before rising further. The potential and increased interest will continue to forimize the bullish trend, but the price cannot go up all the time. It is worth paying attention to the liquidity areas: 2037, 2035, 2033, 2029, as well as 0.382 fibo, 0.5 fibo. False breakdown of one of these areas and subsequent price consolidation above the level may end the correction. Resistance levels: 2038, 2042 Support levels: 2037, 2035, 0.382 fibo, 2033, 0.5 fibo. Expecting a correction. The price may head towards any of the mentioned zones before further growth. It is impossible to determine in advance where the price will stop, it will show only the reaction of the price to one of the levels. Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
23
GOLD → Consolidation 2010-2018. What can happen? OANDA:XAUUSD within a strong bullish trend is forming a consolidation in the 2018 - 2010 range. Lower volatility is forming and several candlestick indications are forming that price may test support before further distribution. On D1 we can see that the leading asset, in our case it is the TVC:DXY , is testing support, which may trigger a correction to local resistance, which will have a corresponding effect on the slave asset (gold may also start a correction within this range). The trend is bullish, moving averages and key levels support this direction, there is no sense to talk about any medium-term and long-term sales now. The market within the consolidation will form a lot of opportunities to gather as much liquidity as possible before further movement in one or another direction. Consequently, border touches, false breakdowns and long shadows can be formed relative to the 2018-2010 range (consolidation). But this is not the only scenario. A breakdown is possible with a quick retest with reduced volatility. In the long term, we should wait for a breakout of resistance. Support levels: 2010, 2007, 2004, 2000 Resistance levels: 2018, 2020, 2022 I expect consolidation within the range with the subsequent breakout of resistance, which can happen after a correction or after a quick retest of 2018 Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
13
GOLD POSSIBLE 100+ pip trade Hello traders , gold broke a strong resistance on monday with the daily candle closing above. the market has been ranging since . with the weakening of the US Dollar to me gold may still push to the upside there is alot of potential. if the price manages to break above the range with an hourly candle id enter on a retest. but the safest entry is to wait for the price to come down and give a hammer on the support of the range which also serves as a support that used to be resistance . well those are the two trend following scenarios that i see.
EIGHTCAP:XAUUSDLong
by xAB777
GOLD continued increaseGold prices today (November 28) increased slightly. Although the precious metals market is having some significant upward momentum, analysts are wondering whether gold can reach an all-time high in the near future. come or not. The gold market is benefiting from new market expectations that the US Federal Reserve (Fed) will soon cut interest rates. According to the CME FedWatch Tool, the market sees a 25% chance that interest rates will rise as early as March; However, the market sees a higher likelihood of an interest rate cut in May or June 2024. Looking at gold's technical price action, some analysts say breaking above $2,010 an ounce is a key hurdle the market needs to overcome to have a chance at reaching all-time highs. Investors are now awaiting revised US third-quarter GDP figures to be released on Wednesday and the core consumer price index, the US Federal Reserve's preferred inflation measure. ), on Thursday.
OANDA:XAUUSD
by Xayah_trading
GOLD | Challenging key technical resistance levelsTECHNICAL ANALYSIS OANDA:XAUUSD Gold prices rose on Monday, supported by falling US bond yields and a weaker US dollar. With recent performance, the precious metal is up more than 8% since October, moving above the psychological $2,000 level – a technical signal that has reinforced the metal's constructive trend. To have stronger confidence in the bullish thesis and to validate the potential for further upside, a clear and decisive move above $2,010/$2,015 is needed – a key resistance area that has consistently hindering progress since the beginning of the year. While overcoming this hurdle could pose a challenge for the bulls, a breakout could fuel a rally to $2,060, followed by $2,085, the highest in the month 5. In case gold is rejected from its current position, the asset could trend towards support between $1,980 and $1,975. Price is likely to stabilize in this area on a bearish reversal, but a push below this floor could result in a pullback towards the 200-day simple moving average located around the $1,950 mark. Below this threshold, attention may focus on $1,937.
OANDA:XAUUSD
by TVS-Trader
GOLD → Retest of previously broken support is possible OANDA:XAUUSD has been forging a bullish momentum since the opening of the session and updated its global highs to $2018. The market under the pressure of increased interest, weak dollar and fundamental factor is likely to continue its growth. In the next few days, no important news that could change the situation is expected, therefore, the favorable fundamental background that supports the market may push the price even higher. If we look at the TVC:DXY , the dollar has room to fall, as the dollar has not reached its target yet and it is still a long way away. Gold is moving out of the range and the resistance at 2010 is now a support. There is a high probability that the price can still test this support area before rising further. The moving averages are supporting the bull market and the price is going to reach one of the important targets: 2022 Support levels: 2010, 2004 Resistance levels: 2018, 2022 I expect that the local momentum may pause to retest the support. The market may head towards the nearest level from below for a retest before rising further. Targets are indicated on the chart. Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
16
XAUUSD: Channel Up offering trading opportunities.Gold is trading inside a Channel Up on the 4H timeframe since the Nov 12th low. Stable bullish technical outlook on 4H (RSI = 66.543, MACD = 8.550, ADX = 30.155), which calls for an extension of the current price action which is at the bottom of the Channel Up currently, to a new HH. We aim at a +1.96% rise (symmetrical with previous bullish legs), TP = 2,030. Sell if the 4H MA50 breaks (current Support) and target the 4H MA200, our current projected TP = 1,975 but will change depending on when the breakout happens. See how our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
FX_IDC:XAUUSDLong
by InvestingScope
🥇 GOLD - Growth will continue after a pullback Gold continues to strengthen on the trend. This market is attracting more and more investors every day on the background of geopolitical and fundamental factors. I expect the market to continue its upward trend as there are several reasons for this. 1) We are in a strong bullish trend 2) Price is breaking strong support lines today and testing new highs. 2.2 At this point it is worth paying attention to levels such as: 2010, 2007. Use the "false breakout" strategy 3) Gold is getting stronger on the background of attracting investor capital 4) High interest in this market also supports the current trend Targets: 2018, 2020, 2025, 2030
OANDA:XAUUSDLong
by AndeWave
3
GOLD → A weakening dollar boosts the XAUOANDA:XAUUSD gained +1.1% over the past week. The market is quite strong and the end of the trading week shows a bullish mood and several indications that the growth may continue as the asset has not reached its target yet. The week ahead is full of important fundamental aspects. On Wednesday, Thursday and Friday important news will be released, here are the ones to pay attention to: - GDP (QoQ - CPI, Core PCE, Initial Jobless Claims - ISM Manifacturing, Fed Chair Powell Speaks The trend seems to be shifting towards inflation improving, the dollar is easing a bit, but the Fed will not cut rates yet, Powell will not make a major move at this stage when there is no fundamental anchoring yet and the market is just showing a reaction. The TVC:DXY on W1 is in a range, after a false breakdown of resistance the asset is heading towards support, the fundamentals support this decline. Gold on the other hand in its case is headed for a test of its range, the key level at the moment is 2010. Earlier, the price consolidated above the key support 1984, against which there was a struggle for several weeks, and also, the micro rally is triggered by the consolidation above 1993. The market is strong and on the background of the bullish trend is actively capturing important resistance levels. From the beginning of the opening trading session the local resistance at 2003.6 plays an important role, if this area is broken, the price will head towards 2010, then we should expect the price reaction to this area. The market is in the phase of realization of the bullish potential after the formation of a reversal set-up, bounce from the global trend support and false breakdown of MA200. The breakout of 2010, test of 2025 - 2048 may become the target of such realization. Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
23
GOLD → The market is ready to continue to growOANDA:XAUUSD is standing still on Thursday, which we were prepared for. The TVC:DXY opens with a subsequent decline on Friday, which gives bullish hopes for GOLD to strengthen. Let's breakdown: On the local timeframe, the prolonged consolidation is forming a symmetrical triangle, but as a strong support area is forming below the pattern and the price is consolidating above the key liquidity zones, the market may try to realize a bullish scenario. This will be facilitated by a break of the triangle resistance, in which case our target will be 2005 and 2010. Also, due to the fact that the price did not test the liquidity area below 1993, 1984, we have a chance to start another correction before further growth. On D1 gold is in a range and since support was tested earlier, resistance is still our prospect. The target is the upper boundary of the range - the area of 2010. Key support: 1993-1992, 1990, 1984 Key resistance: 1998, 2005, 2010 I expect a break of the pattern resistance with further growth to these targets, but since a large liquidity area was formed below the support, the market may test this area before further growth. Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
11
GOLD exceeds 2,000 USD/ounceToday's world gold price increased when the US manufacturing PMI index (an index measuring economic activity) dropped from 50 points to 49.4 points. This data makes investors believe that the US economy is weakening. Accordingly, they expect the US Federal Reserve (FED) to soon reduce interest rates in 2024 to promote economic growth. Immediately, the currency market had a certain reaction. The USD Index dropped to 103.5 points, causing the USD to decrease in price compared to 6 other strong currencies, including: Euro, JPY, GBP, CAD, SEK and CHF. Therefore, the world gold price last night had the conditions to rebound and surpass the resistance level of 2,000 USD/ounce. However, because the interest rate on 2-year US bonds increased to 4.95%, 5-year and 10-year bonds increased to 4.5% and 4.48% respectively, it attracted cash flow in the market, preventing hindering the increase in gold prices.
OANDA:XAUUSD
by Xayah_trading
XAUUSD Excellent sell opportunity next weekGold / XAUUSD delivered earlier this month (chart at the bottom) an excellent sell opportunity that emphatically hit our 1935 target. This week the price rose back to the October 27th High, which is the obvious Resistance. As long as the 1day candles close under the Resistance, we will treat them as a Double Top formation, hence a sell opportunity. On top of that, previous similar bullish sequences in 2023 targeted the 0.618 Fibonacci level after the 0.382. Basically the current pattern is quite similar to April's. Even the 1day MACD that formed a Bearish Cross to target the 0.382 Fibonacci, is now on a squeezed flattened pattern like May 4th. Sell on next week's opening and target 1890 (Fibonacci 0.618). Previous chart: Follow us, like the idea and leave a comment below!!
FX_IDC:XAUUSDShort
by TheCryptagon
2
GOLD What will happen in the near future!!Gold is in a large ascending triangle on the weekly time frame and also at C&H if it follows these patterns we would have seen gold's biggest historical rally. 🤑Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️⤵️
COMEX:GC1!Long
by CobraVanguard
3
GOLD → Support retest and low volatility is expected OANDA:XAUUSD may be low-volatility on Thursday ( today ) and form a narrow range as it is Thanksgiving Day in the US and in Canada, which I would like to congratulate the people of these two countries!!! Moving on to gold : The market continues to test the 1984 area. False breakdowns, prolonged trading in this area indicates that buyers and sellers are fighting for this area. A prolonged consolidation of the price above 1984 will form a bullish potential, which will indicate medium-term prospects for us. The TVC:DXY will stand still today, which will affect the forex market accordingly. Gold makes a false break of the local support 1994 and bounces from 0.5 fibo, but the important liquidity area has not been tested yet. It is likely that the dollar may continue to strengthen slightly on Friday, while gold may go lower to 1984 or trend support, but the fundamental background is still on the side of gold and we are still waiting for the continuation of the rise. Support levels: 1993, 0.5 fibo, 1984 Resistance levels: 1998, 0.236 fibo Today the price will trade within the narrow range of 1998 - 1993, 1990. A range trading strategy can be used for trading. Do not consider gold for medium-term selling at the moment, there is no reason to do so, the market is still technically and fundamentally strong for growth. Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
10
GOLD | Cautious Above $2000 on Thin, Holiday Affected TradingOANDA:XAUUSD ANALYSIS - Gold expected to underwhelm this Thanksgiving weekend amid thin trading - XAUUSD reveals an aversion to trading above $2000 as ceasefire tests safe haven appeal - USD and Treasury yields remain a factor as markets lower expectations of rate cuts next year OANDA:XAUUSD EXPECTED TO UNDERWHELM THIS THANKSGIVING WEEKEND Gold prices rose in early trading but failed to capitalize on the move as activity is expected to remain light this Thanksgiving weekend. Gold has struggled to surpass the $2000 level, with two unsuccessful attempts at reaching $2010. Yesterday, a slight increase in the dollar weighed on gold prices after initial jobless claims for November fell short of expectations. Despite weaker US fundamental data in recent weeks, the labor market remains strong. The ceasefire between Israel and Hamas is now a major concern for gold, as it could lead to further agreements and aid in the affected areas. The weekly chart highlights the recent difficulty to surpass the $2010 level but still reveals the bullish trend remains intact. However, the recent swing low and the inability to mark a higher high, hints at a period of potential consolidation as the RSI heads lower. USD AND YIELDS TO PLAY FURTHER ROLE AFTER MARKETS LOWER RATE CUT EXPECTATIONS FOR 2024 Following lower-than-expected US CPI data, the US dollar and Treasury yields declined, leading to speculation about the timing and scale of rate cuts in the coming year. Initially, market expectations were as high as 100 basis points worth of hikes, despite the Fed's forecast of 50 bps. However, stronger labor market data has tempered those expectations to a 25 bps cut, resulting in a projected 85 bps by the end of next year. Gold typically moves inversely with the dollar and US yields, which represent the opportunity cost of holding the non-interest-bearing metal. FORECAST OANDA:XAUUSD Over the past five years, gold has seen an average gain of 2.7% from Thanksgiving to December 31. In addition to seasonal trading, geopolitical tensions, especially developments in the Middle East, and the possibility of further banking crises in the US and elsewhere are fundamental drivers of support for gold. This precious grade has momentum to maintain prices above $2,000/ounce for the remainder of this year. However, precious metals are lacking a catalyst to increase prices. The gold market is in a positive macro mode and is growing; however, there is no strong buy signal. It is possible that the market is in a spiraling and volatile model with a narrow range and is waiting for a new catalyst to break out.
OANDA:XAUUSD
by TVS-Trader
GOLD goes below the threshold of 2,000 USDWorld gold prices increased slightly this morning with spot gold increasing by 2.5 USD to 1,992.1 USD/ounce. Gold futures last traded at 1,993.3 USD/ounce, up 0.5 USD compared to yesterday morning. The USD turned down in the context of US 10-year Treasury bond yields falling to their lowest level in 2 months. The US Dollar Index (DXY) measuring greenback fluctuations with 6 major currencies (EUR, JPY, GBP, CAD, SEK, CHF) decreased 0.17%, reaching 103.75. Gold prices have had a pretty good "performance" when exceeding the threshold of 2,000 USD/ounce a few times. Although the world gold price has not been able to maintain this price level, it will not take long for it to rise as the market increasingly expects the US Federal Reserve (FED) not to raise interest rates further.
OANDA:XAUUSDShort
by Xayah_trading
GOLD | $2000 Level Leaves the Door Open for a Move LowerOANDA:XAUUSD PRICE FORECAST: - Gold Rally Loses Steam at the Psychological $2000/oz Level. - DXY Rally Continues as Treasury Yields Rebound as Well all Working Against the Rally in Gold Prices. - US Heading into the Thanksgiving Break Means Low Liquidity Tomorrow and Potentially Friday as well. Gold prices continue to find acceptance above the $2000/oz a step to far. Yesterday saw an aggressive push above the resistance level only foe the Daily Candle to close back below the psychological level. Another attempt today was met with some strong bearish pressure as Gold surrendered its daily high to trade around $1993/oz at the time of writing. US DATA AND TVC:DXY RECOVERY The Fed minutes did little to excite markets yesterday largely due to the recent spate of US data showing positive signs. However, the overall mood remains a bit more tentative following hawkish comments from ECB and BOE policymakers keeping market participants on edge. Of more importance however has been the recent bounce in both US Treasury Yields and the US Dollar Index finding support. This has allowed Gold bears an opportunity to pounce and keep Gold prices from exploding above the $2000/oz mark. US Data today had mixed results. Durable Goods Orders for November fell short of forecast, and October's figures were downgraded to 4%. This suggests that the strong demand seen in the US in 2023 may be tapering off. Although Michigan Consumer Sentiment exceeded expectations, it was significantly lower than the October reading. This indicates a continuing downward trend since July and reflects lingering pessimism about the US economy. With the US Thanksgiving Holiday approaching, there will be no major US data releases for the rest of the week. This could lead to volatility as market participants take profits and adjust their positions ahead of the break. Alternatively, Gold prices may weaken toward the end of the US session as liquidity decreases. TECHNICAL OUTLOOK OANDA:XAUUSD Form a technical perspective, Gold continues to throw up slightly mixed signals. It did appear that we had shifted back into bullish structure but following the rejection we are seeing today, this would hint at a new lower high which of course is bearish price action. If the rejection of the $2000/oz mark gathers steam, then immediate support around $1983 may prove a challenge as we saw earlier this week on the daily timeframe. All in all, not the easiest to break down from a technical perspective at the moment. Smaller timeframes may be best for those looking for opportunities during the rest of the week with liquidity also expected to be low owing to the Thanksgiving break. Key Levels to Keep an Eye On: Resistance levels: 2000.00 - 2008.00 - 2025.00 Support levels: 1983.00 - 1968.00 - 1950.00
OANDA:XAUUSDShort
by TVS-Trader
GOLD → Beginning of correction, possible test of support OANDA:XAUUSD forms another micro rally on Tuesday. On Wednesday, the price tries to test the high but fails to reach the area amid a strengthening TVC:DXY ahead of the news. Several important news are published today, I am interested in Initial Jobless Claims - as one of the inflation indicators. Analysts expect a slight improvement in this indicator, which may strengthen the dollar in the short term. But as we remember, the last 3 times the data was worse than the previous one. If they are better than expected, gold will show a slight correction and vice versa. From the last FOMC meeting: Fed members are not ready to cut the rate yet, but there is a high probability that they will not raise it again. From a technical analysis point of view: Gold looks quite strong despite the indicators data, we are judging on a fundamental basis. High interest, weakening dollar and geopolitical basis suggest further price growth. The 1984 level still plays an important role for the market. At the moment the price is in the range of 2004-1993-1984. Since today's retest failed to update the high, the price is forming a correction. The market is aiming to test the nearest support. We highlight several most important scenarios regarding the overall situation: The main sense of which is either consolidation or retest of resistance after a small correction. But in the long term, I expect a breakout of the local resistance and the direction of further growth towards the global targets. Support levels: 0.236 fibo, 1993, 0.382 fibo, 1984 Resistance levels: 2000-2004 I am expecting a correction and news data that may determine the short to medium term outlook. I still see gold as an asset that can strengthen its price in the near term. Regards R. Linda!
OANDA:XAUUSDLong
by RLinda
11