GOLD The Gold Price has already breached the two short-term key supports around 1,935$ and 1,930$ respectively. However, the 1,928$ round figure and the previous bottom of around 1,925$ prods the XAU/USD bears on an important day.Meanwhile, the previous monthly low of around 1,930$ prods the Gold buyers ahead of the Fibonacci 23.6% on the daily and weekly chart, around 1,935$.
It’s worth noting that the Gold Price run-up beyond 1,935$ will need to stay firmer past the 1,940$ hurdle comprising the Fibonacci 38.2% on the weekly chart to push back the bearish bias.
I noticed that on the 4h chart there are 34 EMA and 89 EMA. When gold went up the price zone 1945-1948. I expect a sell
GOLD order here. My expectation is a return to the old bottom at 1930.Stop loss at 70pips per trade. Set stop loss to win the market
Note
Gold only stopped at 1940$ and returned to 1919$. Far beyond the expected goal
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.