Mihai_Iacob

Gold could correct from resistance

OANDA:XAUUSD   Vàng / Đô la Mỹ
Gold started its trading week strongly and the price reached 1890 in the Asian trading session.
As I pointed out in Friday's video, a weekly close to the upside would put in a Pin Bar after the Bullish Engulfing from two weeks ago (see left pic), which could be an indication of a reversal to the up trend started in November.
However, in the short term, 1900 is strong resistance, and, a correction of the last strong bullish days could follow from that point.
In my opinion rallies in the 1900 zone should be sold with a focus on 1860 zone support.
On the other hand, a drop to support without a touch of resistance could offer bulls a good opportunity to join the trend and target 1900

🚀 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
Thông báo miễn trừ trách nhiệm

Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.