Mihai_Iacob

Gold in support zone. What's next?

OANDA:XAUUSD   골드 스팟 / 미국 달러
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
면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.