XAUUSD is firmly holding the 250 SMA
The daily chart shows that XAUUSD is firmly holding the 250 SMA and starting an upward trend, and it's not a bad start.
The chart of the dollar index just happened to be moving in two opposite trends
A pullback that does not enter the lower central is a buy point
The chart of the dollar index just happened to be moving in two opposite trends
A pullback that does not enter the lower central is a buy point
Note
Last week, around 1900, I predicted that gold would continue to rise.This view remains unchanged, with the rally in gold very strong on the daily chart, firmly above the 250 moving average.
At present, it is in the PULLBACK stage, so that the 250 moving average also gradually draws closer to the index. Please do not blindly chase higher. I will enter the market near 1900 after the correction (I will continue to update this according to the specific trading strength of the correction).
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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.