Yesterday, US markets were closed, and, as expected, Gold was trading in a tight range, slightly above 1840 with a high at 1848.
The overall medium-term trade remains bearish and, as I said in my yesterday's post, the 1850-1855 zone is the line in the sand for bears.
However, at this moment, the price is above 1830 short-term support, and also Friday's close is a Pin Bar and a short-term correction could follow.
So, for short-term trading, I work with 2 scenarios at this moment
1. A rejection of the 1830 zone and back above 1845 again would put the Pin Bar in play and could lead to a more meaningful correction
2. A drop under 1830 would confirm the 1850 zone as a strong ceiling and expose 1800
The overall medium-term trade remains bearish and, as I said in my yesterday's post, the 1850-1855 zone is the line in the sand for bears.
However, at this moment, the price is above 1830 short-term support, and also Friday's close is a Pin Bar and a short-term correction could follow.
So, for short-term trading, I work with 2 scenarios at this moment
1. A rejection of the 1830 zone and back above 1845 again would put the Pin Bar in play and could lead to a more meaningful correction
2. A drop under 1830 would confirm the 1850 zone as a strong ceiling and expose 1800
📈 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.
📈 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.