Mihai_Iacob

Gold- Daily bearish engulfing could signal 1900 test

OANDA:XAUUSD   黃金現貨 / 美元
Yesterday, Gold reversed strongly from above 1930 leaving a large bearish engulfing on the daily chart.
Although the long-term structure is bullish and 1895 could be the bottom, a new test of 1900 is not out of the question considering yesterday's sell-off.
At this moment Gold is bearish under 1930 and bears could look to sell towards that zone.
On the other hand, a break back above 1930 would form an H&S on our chart and would really mark a bottom for Gold under 1900.
In conclusion, I'm slightly bearish at this moment keeping in mind the explained bullish arguments.

🚀 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。