XAUUSD Trade Idea
Gold is currently trying to continue the bullish momentum. Price has formed a higher low and is currently establishing support above 1852. As long as price respects the trendline, it can probably retest 1860.70 and then 1869.7
1.Price is currently bullish
2.Price formed support along 1852
3. Price broke below structure but found support above 1852
4. Price is currently forming support and respecting the trendline, but if price breaks below it can retest 1848.20
5. If price breaks and closes above 1856.80 it can possibly retest 1861.40
1.Price is currently bullish
2.Price formed support along 1852
3. Price broke below structure but found support above 1852
4. Price is currently forming support and respecting the trendline, but if price breaks below it can retest 1848.20
5. If price breaks and closes above 1856.80 it can possibly retest 1861.40
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.