Gold XAUUSD
GC. Awaiting next peak or valley for trend confirmation.
Given the new price structure that materialized with the late February/early March selloff, it seems gold may be headed for the 1260 area.
Just keep in mind that it’s going to take a daily close below 1280 to expose that 1260 region.
Until then, expect buyers to defend 1280 on any retests this week.
Given the new price structure that materialized with the late February/early March selloff, it seems gold may be headed for the 1260 area.
Just keep in mind that it’s going to take a daily close below 1280 to expose that 1260 region.
Until then, expect buyers to defend 1280 on any retests this week.
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.