XAUUSD Gold lacks bullish momentum after four consecutive days of gains, hovering around the $1925 price zone. XAU/USD takes cues from the latest challenges to sentiment stemming from worries about the US-China trade war, as well as concerns surrounding a global recession.In the short term, XAU/USD is still likely to recover its bullish status.
Technical indicators remain near recent highs in positive territory, although the Relative Strength Index (RSI) has dropped slightly, in line with a retracement from the intraday high.
Support level: 1,917.30 1,903.00 1,892.95
Resistance levels: 1,932.75 1,945.20 1,958.30
You might consider Buying
XAUUSD around 1921 – 1924 And my goal will be 1931 – 1945
You might consider Buy breakout
XAUUSD around zone 1932 And my goal will be 1940 – 1955
Note: Fully install TP, SL to prioritize safety in trading and conquering the market.
Trade active
hit entry buy! Let's go!
Trade active
RUNNING +60PIPS!
Note
I expect the price to reach tpTrade active
Hit TP1 and +130pips
Buy breakout hit entry!!!
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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.