Gold- Needs to make a decision
When it comes to Gold, usually I have a preferred scenario, is not the case right now...
With the price ranging for more than a week, nor bulls or bears manage to take control.
From a technical perspective, after finding strong support at 1680, XauUsd made a more than 1000 pips run just to encounter 1800 strong resistance.
I will watch and wait for now, with 2 important points in mind:
1. 1800, and bullish above
2. 1760, and bearish under
With the price ranging for more than a week, nor bulls or bears manage to take control.
From a technical perspective, after finding strong support at 1680, XauUsd made a more than 1000 pips run just to encounter 1800 strong resistance.
I will watch and wait for now, with 2 important points in mind:
1. 1800, and bullish above
2. 1760, and bearish under
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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