XAUUSD
GOLD is stuck in the 1750 - 1790 range where the support range 1780 - 1790 is the MA8 of the Weekly timeframe which is still a strong downtrend. This of course will trap Loco who can't go down that easily because the MA100 is at 1750. It's better to wait for the certainty of the trend in this metal before trading or use a sideways strategy.
R3 1807.890
R2 1791.180
R1 1779.610
PV 1764.810
S1 1755.750
S2 1750.380
S3 1741.620
GOLD is stuck in the 1750 - 1790 range where the support range 1780 - 1790 is the MA8 of the Weekly timeframe which is still a strong downtrend. This of course will trap Loco who can't go down that easily because the MA100 is at 1750. It's better to wait for the certainty of the trend in this metal before trading or use a sideways strategy.
R3 1807.890
R2 1791.180
R1 1779.610
PV 1764.810
S1 1755.750
S2 1750.380
S3 1741.620
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.
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.