XAU Presents a Pending bearish opportunity toward a bearish pullback towards the daily 62% Fib level at 1802.00 level retracement.
Upon validation, we are able to continue looking for a long position that may break the Monthly resistance at 1840.00, setting buy orders at 1802.00 as this may prove to become a strong demand zone for Price to break the Monthly resistance.
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.