XAUUSD - Gold spiked on the first day of the week when there was
XAUUSD: Bullish Outlook – November 21st
Entry sale: 2005-2010 (stopped: 2015)
Target date: 2005
Distant Goal: 1935
There is an opinion that the price of gold is still rising in the short term, but yesterday the banks were not yet open, so the movement of gold was not very exciting, and investors did not try to buy up. Gold prices plummeted. gold price. However, at the start of today's session, gold rebounded significantly, reaching a recent high of 199x.
Most likely, gold will not necessarily react in this peak area and instead it will continue to rise from 2005 to the more significant resistance area in 2009 prices.
Traders can take a long-term sell point by selling short or waiting for the pattern to reverse when gold reaches the 2005 resistance level.
We wish all traders a fruitful week of new trading.
Entry sale: 2005-2010 (stopped: 2015)
Target date: 2005
Distant Goal: 1935
There is an opinion that the price of gold is still rising in the short term, but yesterday the banks were not yet open, so the movement of gold was not very exciting, and investors did not try to buy up. Gold prices plummeted. gold price. However, at the start of today's session, gold rebounded significantly, reaching a recent high of 199x.
Most likely, gold will not necessarily react in this peak area and instead it will continue to rise from 2005 to the more significant resistance area in 2009 prices.
Traders can take a long-term sell point by selling short or waiting for the pattern to reverse when gold reaches the 2005 resistance level.
We wish all traders a fruitful week of new trading.
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.