Mihai_Iacob

Gold in support zone. What's next?

Long
OANDA:XAUUSD   Oro / Dollaro
In the past two weeks, I've argued that Gold could drop to 1740 support zone and, indeed, after breaking under rising wedge's support and the failure to stay above 1800, XauUsd slid to my highlighted zone. So, now what?
Although is difficult to say at this moment if the drop from 1800 is in fact a lower high and Gold will resume its downward movement that started back in May or we will have a higher low to 1680 and Gold will resume its long-term bull trend, after 5 red days, at least a correction can follow.
That being said, in short term I expect a rise towards 1770 with interim resistance at 1755.

My past Gold analysis:



🚀 Elevate your trades with a 20-year market veteran!

📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals

💎 Crypto Channel:
t.me/FanCryptocurrency

🌟 Premium Contact:
t.me/IacobMihai
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.