XAUUSD Update Oct 24 2019: Reached Channel Top Line
Updated
Gold has reached the top line of the yellow channel. It seems that double top will be confirmed on 1h chart, and 1502 break is a fakeout.
It's possible that Gold will down to 1490 then up again.
First support, 1496.88 - 1497.3
It's possible that Gold will down to 1490 then up again.
First support, 1496.88 - 1497.3
Note
Gold bounced from 0.236 1499. It looks like a strong bull trend.Short is risky now.
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.