This is an important support from which we should see more buyers coming in. In smaller timeframes it might be bearish but I am still bullish on gold for the long term.
Note
As expected...Note
Nice daily close showing a bullish engulfing candle. Now the bulls need to follow through, however it's also a good area for bears to sell. Are you bullish or bearish?Note
Going higher and higher. Gold is now trading outside the descending channel, meaning the correction is potentially over.Note
When I first posted this, price was at 2300, and now bulls have just breached another resistance level at 2368. Note
26 June: XAUUSD was trading at 2300 when I posted the first chart. Today XAUUSD is trading at 2400. Nice! Note
Few pips from new ATHNote
All the way up.
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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.