XAU/USD: foggy situation
The situation with XAU is not looking simple. After a great growth, gold has some problems with univocal direction.
So, what I actually mean? From the one hand, we had a strong seller. But the buyers won. And where is the great up going trend?
Do you see it?
I don’t see it.
From the other hand, we have a double bottom on the strongest support area between 1729.000 and 1678.000.
Everything looks like XAU is waiting for important news to understand where to go next.
Well, in my opinion, the best way to earn some money from gold now is just leaving it for the more clear situations, because now it's looking like a swamp.
So, what I actually mean? From the one hand, we had a strong seller. But the buyers won. And where is the great up going trend?
Do you see it?
I don’t see it.
From the other hand, we have a double bottom on the strongest support area between 1729.000 and 1678.000.
Everything looks like XAU is waiting for important news to understand where to go next.
Well, in my opinion, the best way to earn some money from gold now is just leaving it for the more clear situations, because now it's looking like a swamp.
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