After spiking to multi-year highs above 1600, XAUUSD is in a correction phase.
However, I would be looking to Buy if price reaches my preferred Buy area between 1535-1543
Keep in mind that Gold is a risk-sensitive asset. So, if we have some kind of risk-off triggers in the equity market, going Long would be a pretty good idea.
However, I would be looking to Buy if price reaches my preferred Buy area between 1535-1543
Keep in mind that Gold is a risk-sensitive asset. So, if we have some kind of risk-off triggers in the equity market, going Long would be a pretty good idea.
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.
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.