XAUUSD: SUPPORT RETEST AND GOING BACK UP
Hello guys,
1850 proved to be a very solid support area for Gold, and I believe a potential retest of this area is possible as RSI suggests it might be overbought soon. The long term trend is still bullish, with Gold eventually recovering its losses.
SL: If 1850 support is broken, then the trade setup is invalid.
TP1: 1914
TP2: 1930
TP3: 1960
This is not financial advice, please remember that there is a lot of political and economic uncertainty that can influence the market. Always have a stop loss in your trades.
Please leave your feedback in the comments.
1850 proved to be a very solid support area for Gold, and I believe a potential retest of this area is possible as RSI suggests it might be overbought soon. The long term trend is still bullish, with Gold eventually recovering its losses.
SL: If 1850 support is broken, then the trade setup is invalid.
TP1: 1914
TP2: 1930
TP3: 1960
This is not financial advice, please remember that there is a lot of political and economic uncertainty that can influence the market. Always have a stop loss in your trades.
Please leave your feedback in the comments.
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