GOLD: The XAU comes from a long Bearish trend, and started to grow again after the triple Bottom around 1615. From that point, the price started a long bullish impulse with high volatility ( look at the raising Angle of the trend ), and looking at our analysis we think about a new Long setup. We are sure about an imminent retracement but only when the price will reach the resistance area around 1807.960
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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.