There is exactly a week now with Gold trading in a very narrow 200 pips range, between 1810 and 1830, and is about time for XauUsd to decide the direction.
Technically speaking, things are very simple, a break above 1830 would mean bullish and Gold can rise to challenge 1870 high and, on the other hand, a clear break of 1810 is bearish and the price can fall to 1785 support.
My personal take:

My personal bias for Gold is bearish and although after the 1750 December's low the price has started to rise, this is just a correction of the first leg down from 1870 to 1750
The reasons for this are:
1. The rise has no impulse
2. The rise is overlapping
3. The rise is in a flag (although not book perfectly)
4. DXY is bullish
In conclusion, sell rallies is my strategy and I expect acceleration to the downside once/if the price clearly breaks under 1810 support
Technically speaking, things are very simple, a break above 1830 would mean bullish and Gold can rise to challenge 1870 high and, on the other hand, a clear break of 1810 is bearish and the price can fall to 1785 support.
My personal take:
My personal bias for Gold is bearish and although after the 1750 December's low the price has started to rise, this is just a correction of the first leg down from 1870 to 1750
The reasons for this are:
1. The rise has no impulse
2. The rise is overlapping
3. The rise is in a flag (although not book perfectly)
4. DXY is bullish
In conclusion, sell rallies is my strategy and I expect acceleration to the downside once/if the price clearly breaks under 1810 support
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。