XAUUSD (Gold) - Could This Turns Into A Range?
Hi Traders, Gold had a bit of spike on Friday due to CPI news releases. But for now, price seems like it is still relatively respecting the previous high rejected 1875.
The only pattern i can see now is a potential range between 1875 - 1830.
If we continue to see Gold being so 'back & forth', probably could expect another push back towards 1830 area.
Meanwhile, pay attention to 1870 if you are Bullish on Gold, as its the nearest resistance structure it has to break through to attract more buying momentum.
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Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
The only pattern i can see now is a potential range between 1875 - 1830.
If we continue to see Gold being so 'back & forth', probably could expect another push back towards 1830 area.
Meanwhile, pay attention to 1870 if you are Bullish on Gold, as its the nearest resistance structure it has to break through to attract more buying momentum.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
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