Mihai_Iacob

Gold remains in tight range for now

OANDA:XAUUSD   זהב / דולר אמריקאי
As I said yesterday, Gold is trading in a tight range between 1920 and 1950. Also, looking at the H4 posted chart we can see that this range is congesting forming a triangle with the falling trend resistance at around 1940.
Although I don't have an open trade at this moment my bias has become slightly bullish with confirmation in case of a daily close above 1940.
On the other hand, a break under support can lead to further losses and continuation of correction and Gold could fall to 1880 and even 1860

🚀 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
כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.