Gold (XAUUSD) may Rising, But not in a Straight line!
Gold may continue Rising, But not in a Straight line.
Profit booking cannot be ruled out and this may push Gold to Retest
support area at $1862, which is also called Conflict area or decision point for further
Correction to $1842 and $1822.
Check price action and 4 hourly candle should be closed below at $1862.
or
if market will hold $1862, look for $1893 above which bulls can trigger a buy out of $1920-$2000 Areas.
*" Gold would need to record a daily close below $1822 an ounce to call into doubt the bullish thesis.”*
Good luck!
Profit booking cannot be ruled out and this may push Gold to Retest
support area at $1862, which is also called Conflict area or decision point for further
Correction to $1842 and $1822.
Check price action and 4 hourly candle should be closed below at $1862.
or
if market will hold $1862, look for $1893 above which bulls can trigger a buy out of $1920-$2000 Areas.
*" Gold would need to record a daily close below $1822 an ounce to call into doubt the bullish thesis.”*
Good luck!
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