In my yesterday's analysis, I said that I'm still bullish Gold and I expect a new rise to the 1980 zone resistance.
After a drop to 1950, XauUsd reversed strongly at first, reaching an intraday high at 1972, but started to roll back down after.
At this moment, the price is still above the trendline starting from the recent low under 1900 and also above important horizontal support.
However, yesterday's high is a lower high and also the rise from Thursday's low is overlapping, not impulsive.
That being said, I'm still bullish and try to buy dips, with low volume and tight SL, though
After a drop to 1950, XauUsd reversed strongly at first, reaching an intraday high at 1972, but started to roll back down after.
At this moment, the price is still above the trendline starting from the recent low under 1900 and also above important horizontal support.
However, yesterday's high is a lower high and also the rise from Thursday's low is overlapping, not impulsive.
That being said, I'm still bullish and try to buy dips, with low volume and tight SL, though
🚀 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
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Premium Contact:
t.me/IacobMihai
