Gold Massive rally expected few days back only when it was playing around 1770-1789. Today #XAUUSD broke the most wanted resistance of 1800, making new high after 2012. However Gold is now in a pocket of multiple resistance, like 1820-1838-1859.
As per 1D chart it just hit the top of the channel, and from here I expect a return to the median support line (dotted line) around 1764.
The Bull will over will be over soon. So dont get panic if your short is stuck. Just hold the position.
If price breaks below 1764 (median support) will see Gold back to 1700 Zone.
Currently things are bullish, until it breaks down below 1800.
Finally my position is SHORT.
As per 1D chart it just hit the top of the channel, and from here I expect a return to the median support line (dotted line) around 1764.
The Bull will over will be over soon. So dont get panic if your short is stuck. Just hold the position.
If price breaks below 1764 (median support) will see Gold back to 1700 Zone.
Currently things are bullish, until it breaks down below 1800.
Finally my position is SHORT.
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More update soon, but i'm still short, anything above 1814
Time will come we might see gold crossing 1900 too, but we are traders, trade with trend considering US markets.
cheers