Mihai_Iacob

Gold remains bullish in spite of yesterday's red day

לונג
OANDA:XAUUSD   זהב / דולר אמריקאי
In my yesterday's analysis, I said that the structure for Gold is bullish and it will remain so as long as the price stays above the 1720 zone support.
From an intraday perspective, Gold closed yesterday into the red, however, this does not change the overall structure one bit.
More, on the short-term posted chart we can see that yesterday's low is in fact a higher low relative to last week's one and, we have a clear short-term resistance at the 1760 zone with the price pressing into it.
I expect a break above this resistance which would give scope to a test of 1785 high.
The trading strategy for Gold should be the same, buy dips against 1720

🚀 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.