As you know from my previous posts and videos, I'm strongly bearish on 
XAUUSD .
However, in my analysis yesterday, I mentioned that after such a significant drop on Friday, a correction is possible.
Indeed, after a double tap on the 2290 zone support, gold started to reverse and reached an intraday high of 2315.
There is still the possibility of a new leg of correction, which could provide bears with a good entry point for the future drop.
A good zone to watch for short entry signals is slightly above 2320.
My medium-term target remains the 2200 zone, and only sustained buying above 2350 would change my outlook.
XAUUSD . However, in my analysis yesterday, I mentioned that after such a significant drop on Friday, a correction is possible.
Indeed, after a double tap on the 2290 zone support, gold started to reverse and reached an intraday high of 2315.
There is still the possibility of a new leg of correction, which could provide bears with a good entry point for the future drop.
A good zone to watch for short entry signals is slightly above 2320.
My medium-term target remains the 2200 zone, and only sustained buying above 2350 would change my outlook.
Nota
As explained in the morning, a new leg of correction is probableGold is approaching my sell zone for medium-term trade already
I will start to look for signs of weakness
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Pubblicazioni correlate
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.