Mihai_Iacob

Gold could drop towards 1900

OANDA:XAUUSD   黃金現貨 / 美元
Yesterday, Gold has traded in a tight range between 1940 and 1950 (ingore the spike from the chart, it wasn't real, at least at the brokers with which I trade) and at the time I'm writing the short term 1940 is broken.
As explain yesterday, we are in a very important support zone, and in a case of a genuine break, Gold could drop pretty hard.
Considering price action and the downside preassure, a genuine break is now very probable and 1900 zone could be the short term target.
In conclusion, selling rallies above 1940 could be a good strategy and only Gold back above 1970 would change this bearish outlook.

🚀 Elevate your trades with a 20-year market veteran!

📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals

💎 Crypto Channel:
t.me/FanCryptocurrency

🌟 Premium Contact:
t.me/IacobMihai
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。