Yesterday, US markets were closed, and, as expected, Gold was trading in a tight range, slightly above 1840 with a high at 1848.
The overall medium-term trade remains bearish and, as I said in my yesterday's post, the 1850-1855 zone is the line in the sand for bears.
However, at this moment, the price is above 1830 short-term support, and also Friday's close is a Pin Bar and a short-term correction could follow.
So, for short-term trading, I work with 2 scenarios at this moment
1. A rejection of the 1830 zone and back above 1845 again would put the Pin Bar in play and could lead to a more meaningful correction
2. A drop under 1830 would confirm the 1850 zone as a strong ceiling and expose 1800
The overall medium-term trade remains bearish and, as I said in my yesterday's post, the 1850-1855 zone is the line in the sand for bears.
However, at this moment, the price is above 1830 short-term support, and also Friday's close is a Pin Bar and a short-term correction could follow.
So, for short-term trading, I work with 2 scenarios at this moment
1. A rejection of the 1830 zone and back above 1845 again would put the Pin Bar in play and could lead to a more meaningful correction
2. A drop under 1830 would confirm the 1850 zone as a strong ceiling and expose 1800
📈 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。