Gold XAUUSD benefits from yesterday's data with a negative impact on the dollar, recovering to 1825 before bouncing down with a decline in momentum while testing the resistance of 1807.96
The current wedge formation reflects overbought and correction possibilities with the expected profit-taking wave to 1775
If the sellers can fall below the 1800 mark
The bearish expectation is in the short term, and does not support the idea of selling now, but there will be future opportunities to buy back - at least for now - while observing the price movement in the coming period
The current wedge formation reflects overbought and correction possibilities with the expected profit-taking wave to 1775
If the sellers can fall below the 1800 mark
The bearish expectation is in the short term, and does not support the idea of selling now, but there will be future opportunities to buy back - at least for now - while observing the price movement in the coming period