XAUUSD (Gold) - Watch Out This Huge Support Zone!
Hi Traders. Gold has been in a short to mid-term downtrend since March 2022, and up to today we're still constantly see Bearish Price Action.
But one huge multi-year support zone to be aware of is the 1680 - 1690 area.
I don't believe price will completely just reverse from this point onwards, but high chance we'll be seeing some bounce there.
I am personally not looking for short-term sells recently mainly due to price getting closer to the support zone.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
But one huge multi-year support zone to be aware of is the 1680 - 1690 area.
I don't believe price will completely just reverse from this point onwards, but high chance we'll be seeing some bounce there.
I am personally not looking for short-term sells recently mainly due to price getting closer to the support zone.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
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