Today on Gold: XAUUSD
Reasons for Buy Bias:
1️⃣ Support Zone Around 2854 - 2856
• Price has reached a key support level and is showing rejection wicks, indicating buyers may step in.
2️⃣ Oversold Pullback Potential
• After a strong drop, price may need a retracement before deciding the next major move.
3️⃣ Bullish Wick Rejections on Lower Timeframes
• If price holds above 2854, we could see a bounce toward 2862 - 2870.
1️⃣ Support Zone Around 2854 - 2856
• Price has reached a key support level and is showing rejection wicks, indicating buyers may step in.
2️⃣ Oversold Pullback Potential
• After a strong drop, price may need a retracement before deciding the next major move.
3️⃣ Bullish Wick Rejections on Lower Timeframes
• If price holds above 2854, we could see a bounce toward 2862 - 2870.
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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.