Gold- Strong reversal to mark a higher low
In yesterday's comment I said that "Gold can correct higher", and what at first looked like a correction has proved to be a strong reversal from support.
Gold has risen more than 400 pips from the bottom to the top and we have a large bullish candle that engulfs 4 trading days on our daily chart.
At this moment XauUsd is trading just under 1760 confluence resistance and I believe this will be broken too.
That being said, I will look to buy dips and my first target is 1785 resistance
The bullish outlook is negated only if the price make a new low
Gold has risen more than 400 pips from the bottom to the top and we have a large bullish candle that engulfs 4 trading days on our daily chart.
At this moment XauUsd is trading just under 1760 confluence resistance and I believe this will be broken too.
That being said, I will look to buy dips and my first target is 1785 resistance
The bullish outlook is negated only if the price make a new low
📈 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
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.