Gold- Higher low in place and back above 2400?

2024年7月30日

In my yesterday's comment, I said that XAUUSD could resume its bullish trajectory and buying dips could be a good strategy.
Indeed, during the day XauUsd fell to 2370, however, bulls took control and closed the day at 2383.
At this moment Gold is facing 2390 resistance again, a resistance that now is confluent with the falling trend line and a break above would confirm a higher low in place and a reversal to the upside.
As long as yesterday's low remains intact so is my strategy: buying dips.

2024年7月30日

註釋

Gold looks ready for an up break.
If this break proves to be genuine, the price could exceed yesterday's high and rise about 400 pips

2024年7月30日

註釋

Gold broke back above 2390 resistance/support.
If it holds and closes close to 2400 or above we could consider correction over and resumption to up trend

2024年7月30日

註釋

Gold can t hold Gaines above 2390 and towards 2400.
I removed my buy pending and I wait and see.
However, at this moment looks more like down continuation than reversal to up trend.
Daily close should bring some light