Technical indicators on the daily chart hold comfortably in the positive territory and favor the XAU/USD bulls. Hence, any further weakness below the $3,300-3,290 immediate support, representing the 38.2% Fibonacci retracement level of the latest leg up from the vicinity of mid-$2,900s or the monthly swing low, might continue to find decent support near the $3,265-3,260 zone. A convincing break below the latter, however, would set the stage for an extension of the recent pullback from the all-time peak touched last week. The downward trajectory might then drag the Gold price to the 50% retracement level, around the $3,225 region, en route to the $3,200 mark.
Trade active
1 support hit 450 pips done Trade closed: target reached
2 support hit 620 pips done 👍Note
Xauusd buy 800 pips done 👍
Gold signal
t.me/addlist/Qd34m2ZPDy83Yjlk
My Channel Link
t.me/addlist/Qd34m2ZPDy83Yjlk
Check My Performance
t.me/addlist/Qd34m2ZPDy83Yjlk
My Channel Link
t.me/addlist/Qd34m2ZPDy83Yjlk
Check My Performance
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.
Gold signal
t.me/addlist/Qd34m2ZPDy83Yjlk
My Channel Link
t.me/addlist/Qd34m2ZPDy83Yjlk
Check My Performance
t.me/addlist/Qd34m2ZPDy83Yjlk
My Channel Link
t.me/addlist/Qd34m2ZPDy83Yjlk
Check My Performance
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.