Gold Spot / U.S. Dollar
Long

gold have decline on second trend now we wait for next movement

149
#XAUUSD the price have made a reverse back to 1930 limit which also a bearish formation but now can gold continue the bearish movement or it will make a bullish retrace above 1942 limit. Now let's follow according to second trend because its now becoming stronger if the price head back below 1928 in H1.50 minutes then we expect a drop back below 1920 which can continue moving down below 1916 but if the price didn't break through 1928 then a possible headback will occur above 1944 but a correction movement will be made back to 1930. The price have a circulation to make which can decide the move of gold

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.