Mihai_Iacob

Gold- Medium term direction remains unclear

OANDA:XAUUSD   黄金现货/美元
In yesterday's XAUUSD analysis I wrote that after the crazy Monday's price action with a new ATH followed by 3 support breaks, Gold could continue down and test 2010 next technical support.
Indeed, the price dropped and touched that level and a reversal followed.
Although this is a positive sign for bulls, confirmation is needed, and, after the strong sell-off, it could barely be a correction.
As we can see from the chart, this confirmation comes with a break back above the 2040 resistance in which case we could consider the level confirmed.
On the other hand, a break under 2010 is not good at all for bulls and could lead to a drop towards 1940.
I remain on the sideways till clarification.

GC1! GOLD1!

🚀 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
免责声明

这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。