Gold has rebounded strongly from the 1680 support level and based on the price action,
it seems further uptrend is likely.
US dollar is also losing steam across the board and that makes XAU/USD a prime candidate
for further rise in the coming days.
So, I recommend buying the dips with 1830 as the initial target. Bulls might face a minor
resistance at the 1830 level, which if broken will lead to more rise towards 1900.
it seems further uptrend is likely.
US dollar is also losing steam across the board and that makes XAU/USD a prime candidate
for further rise in the coming days.
So, I recommend buying the dips with 1830 as the initial target. Bulls might face a minor
resistance at the 1830 level, which if broken will lead to more rise towards 1900.
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.
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.