After a good beginning of last week with the price reaching a high of 1855, Gold took a dive on Thursday and dropped to 1820 zone strong support (marked by a lot of previous lows and highs and also by 50%-61% zone fibo retracement)
On Friday we have a small Pin Bar in this support and this can be an indication that the fall has stopped.
In my opinion, the drop from 1855 is just a correction of 1785-1855 leg up and now the price is ready to resume its upward movement.
This being said I favor long positions and I will look to buy dips in 1820 support zone.
My short term target is 1850 and only a drop under last week's low would change my opinion
On Friday we have a small Pin Bar in this support and this can be an indication that the fall has stopped.
In my opinion, the drop from 1855 is just a correction of 1785-1855 leg up and now the price is ready to resume its upward movement.
This being said I favor long positions and I will look to buy dips in 1820 support zone.
My short term target is 1850 and only a drop under last week's low would change my opinion
Trade attivo
Opened long trade at 1818.00
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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📈 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.