Mihai_Iacob

Is Gold preparing for a deeper correction?

Penjualan
OANDA:XAUUSD   Emas / Dollar A.S.
In my yesterday's analysis, I said that even though the longer-term trend is still bullish, the evening star candle formation from Monday could be an indication that bulls are tired and we can assist to a range trading day.
Indeed, XauUsd has spent the day between the very well-defined boundaries of this range...
Looking closer at an H1 chart we can see that the yellow metal is still contained in this range, however, bulls seem tired and a deeper correction could follow.
Technically speaking, 1760-1765 is a very important level, defined by 2 rising trend lines and the horizontal level and a break here could lead to an acceleration to the downside.
My preferred scenario is to sell rallies in anticipation of a such break with Gold back above 1800 negating this outlook.

🚀 Elevate your trades with a 20-year market veteran!

📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals

💎 Crypto Channel:
t.me/FanCryptocurrency

🌟 Premium Contact:
t.me/IacobMihai
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.