XAUUSD Gold to Test the ATH
Gold remains Gold!
XAUUSD
1W
After tripple bottom at arround 1616, Gold has experienced a nice move up-to 1960 while building a beautiful bullish structure.
Then Comes down to 1808, test the old resistance and new support and creates a nice big green candle (bigger than the previous red one)
From FIB perspective, Price has reacted beautifully from
the 0.5 - 0.318 area.
1D
We have an above average buy-volume came in at support 1808 and sellers they are just nowhere to be seen.XAUUSD
A bullish trade setup could be entered at this price level with a risk reward ration of 4.
Let's catch the ATH again!!
XAUUSD1W
After tripple bottom at arround 1616, Gold has experienced a nice move up-to 1960 while building a beautiful bullish structure.
Then Comes down to 1808, test the old resistance and new support and creates a nice big green candle (bigger than the previous red one)
From FIB perspective, Price has reacted beautifully from
the 0.5 - 0.318 area.
1D
We have an above average buy-volume came in at support 1808 and sellers they are just nowhere to be seen.
XAUUSDA bullish trade setup could be entered at this price level with a risk reward ration of 4.
Let's catch the ATH again!!
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.