XAU/USD Price drop! Theres seems to be some resistance
Today Gold is up! and making some stride but there been this somewhat of a resistance with I think is a great opportunity to make some profits. Price keeps going up & down around the 2380.00 price, which I have identified as a resistance. And I believe that it's going to go in a bearish trajectory. Right now, XAU/USD price are in a comfortable over bought area, so in my opinion it's just a matter of time for a dip that will correct the trend & price range, and it's not until around November when the FEDS and probably cut the interest rates downs and that would get gold price going very bullish and making a significant increase in its price.
Nota
This is my first publish The Cart is wrong and not the one I have analysis. Sorry guys!
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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.