XAUUSD 1Day Projection
Over the past few days, there has been a bullish trend in the price of gold. Currently, the price is hovering around a crucial level of 1959. If the price breaks and closes above this level, it is expected to continue moving upwards towards the target areas of 2000 and potentially 2066.
However, if the price is rejected at the 1959 level and closes below it, then a retracement back to the 1913 level is anticipated. Based on the available information, my bias is towards the continuation of the upward trend in gold.
Feel free to share your thoughts and leave a comment below.
However, if the price is rejected at the 1959 level and closes below it, then a retracement back to the 1913 level is anticipated. Based on the available information, my bias is towards the continuation of the upward trend in gold.
Feel free to share your thoughts and leave a comment below.
Related publications
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.