Gold is recovering thanks to information from the US government
Gold (XAU) is trading on the bearish side of $1956.30 (S1), putting it in a weak position.
A sustained move under $1956.30 (S1), however, could extend the selling into $1923.06 (S2). Aggressive counter-trend buyers could come in on the first test of this level, but if it fails, then look for the selling to possibly lead to a near-term test at $1876.81 (S3).
Overcoming $1956.30 (S1) will indicate the counter-trend buying is getting stronger. If this creates enough near-term momentum then look for a surge into the PIVOT at $2002.54.
𝖷𝖠𝖴𝖴𝖲𝖣 SELL NOW 1953 - 1955 💯💯
✅𝖳𝖯1 1945
✅𝖳𝖯2 1940
✅TP3 1935
🛑𝖲𝖫 1963
A sustained move under $1956.30 (S1), however, could extend the selling into $1923.06 (S2). Aggressive counter-trend buyers could come in on the first test of this level, but if it fails, then look for the selling to possibly lead to a near-term test at $1876.81 (S3).
Overcoming $1956.30 (S1) will indicate the counter-trend buying is getting stronger. If this creates enough near-term momentum then look for a surge into the PIVOT at $2002.54.
𝖷𝖠𝖴𝖴𝖲𝖣 SELL NOW 1953 - 1955 💯💯
✅𝖳𝖯1 1945
✅𝖳𝖯2 1940
✅TP3 1935
🛑𝖲𝖫 1963
註釋
Full TP - SL to beat the market
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