Gold- Is imperative for bulls to hold 1680 intact
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
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
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Bust your trading with 50% deposit bonus:
secure.m4markets.com/links/go/5426
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Bust your trading with 50% deposit bonus:
secure.m4markets.com/links/go/5426
Bài đăng liên quan
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.