XAUUSD (Gold) - Great Long Setup Yesterday! Would It Continue?
Hi Traders. If you've watched yesterday's market breakdown on Gold, basically I talked about buying opportunity around 1680 as it has been proven a multi-year support since 2020.
Because of how many rejections it previously had around 1680, I really do not expect a break below it soon.
But bare in mind, this is more to a short-term long setup, I do not expect price to completely reverse back to its all-time-high at 2070.
If you're looking for long opportunities, I think 1700 - 1706 could be some great value area.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
Because of how many rejections it previously had around 1680, I really do not expect a break below it soon.
But bare in mind, this is more to a short-term long setup, I do not expect price to completely reverse back to its all-time-high at 2070.
If you're looking for long opportunities, I think 1700 - 1706 could be some great value area.
If you enjoy the content, make sure you follow my profile and click the like button.
Take care and trade safe.
All the content I've posted are for educational purposes, please perform your own research and only take it as a reference.
