Gold XAU/USD (Trading = Waiting)

View On Gold XAUUSD (19 Apr 2023)

GOLD is in
* Downtrend in short term (Intraweek)
* Uptrend in Mid term (Intramonth)
* Uptrend in Long term (Last 3 months)

Gold is in the pull back mood after hitting some resistant of 2060 region.
Since the current momentum is on the downside, you should stand aside if you are looking for a buy.
If the pullback is strong, we can expect it to go as low as $1,950 region.

That is where we should look for a long entry with lower risk.



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