XAUUSD
GOLD is still in the range 1668 - 1678 after failing to break the support at 1660 for the second time this week. The price is moving sideways in the range 1660 - 1679 and the MA pattern also seems to be starting to slope, a sign that GOLD is preparing for a temporary uptrend. SELL momentum is no longer valid, so it's better to wait for the daily correction on GOLD before re-selling.
[Possible to take]
Removed the SELL limit yesterday. we will wait for a better trend confirmation on Loco before entry.
R3 1701.750
R2 1697.790
R1 1685.570
PV 1678.300
S1 1668.290
S2 1659.800
S3 1646.100
GOLD is still in the range 1668 - 1678 after failing to break the support at 1660 for the second time this week. The price is moving sideways in the range 1660 - 1679 and the MA pattern also seems to be starting to slope, a sign that GOLD is preparing for a temporary uptrend. SELL momentum is no longer valid, so it's better to wait for the daily correction on GOLD before re-selling.
[Possible to take]
Removed the SELL limit yesterday. we will wait for a better trend confirmation on Loco before entry.
R3 1701.750
R2 1697.790
R1 1685.570
PV 1678.300
S1 1668.290
S2 1659.800
S3 1646.100
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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.