XAUUSD
Look where the price has rebounded, in the trendline towards resistance.
Note that this trendline broke, and now the price seems to have completed the pullback, so it is very possible that for now it will not fall any more.
I'm going to wait how it behaves in the 1890-1895 zone, the price in that zone could bounce until 1850, hi there, once the support (1850) is touched, it starts to rise.
We are going to be careful, since the fundamental aspects will determine a lot the direction of the price.
Look where the price has rebounded, in the trendline towards resistance.
Note that this trendline broke, and now the price seems to have completed the pullback, so it is very possible that for now it will not fall any more.
I'm going to wait how it behaves in the 1890-1895 zone, the price in that zone could bounce until 1850, hi there, once the support (1850) is touched, it starts to rise.
We are going to be careful, since the fundamental aspects will determine a lot the direction of the price.
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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.