Mihai_Iacob

Gold- Is imperative for bulls to hold 1680 intact

Pembelian
OANDA:XAUUSD   Emas / Dollar A.S.
After the false break and the strong reversal to the upside, Gold reached descending channel's resistance and started to drop.
As I said last week, the 1680-1690 zone should offer support and is imperative for bulls to hold this zone intact if they were to hope for a long-term reversal.
However, only the price above 1715 would confirm the reversal, and with the price between 1680 and 1715 Gold is trading in no man's land.
A daily close under 1680 would put again pressure on Gold and supports under this figure are 1650 and 1620.
So far I maintain my bullish bias



🚀 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.