Bullish momentum has driven gold's price into Sellers' territory. However, bullish gold price and price actions so far indicate possible more room for price to move higher. A strong close above 1936 level with a further rejection of future pullback will indicate gold potential to create more highs. Dash line speculates possibility of "future" support level not able to hold the pullback.
#gold #xauusd
N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
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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.