Gold- Higher low in place and back above 2400?

30 thg 7

In my yesterday's comment, I said that XAUUSD could resume its bullish trajectory and buying dips could be a good strategy.
Indeed, during the day XauUsd fell to 2370, however, bulls took control and closed the day at 2383.
At this moment Gold is facing 2390 resistance again, a resistance that now is confluent with the falling trend line and a break above would confirm a higher low in place and a reversal to the upside.
As long as yesterday's low remains intact so is my strategy: buying dips.

30 thg 7

Ghi chú

Gold looks ready for an up break.
If this break proves to be genuine, the price could exceed yesterday's high and rise about 400 pips

30 thg 7

Ghi chú

Gold broke back above 2390 resistance/support.
If it holds and closes close to 2400 or above we could consider correction over and resumption to up trend

30 thg 7

Ghi chú

Gold can t hold Gaines above 2390 and towards 2400.
I removed my buy pending and I wait and see.
However, at this moment looks more like down continuation than reversal to up trend.
Daily close should bring some light