Possible play for XAUUSD 1D chart, double bottom.

8 באפר׳ 2021

Possible play for gold price reversal. After the re tracement following the new ATH gold seems to be looking for a new support area which might be in the 1680 - 1740 range. If the pattern plays we will hit a strong resistance area around the 1780 - 1800 which is an higher high reached in September 2012. However this might be sign for continuation and hopes to see new highs.