XAUUSD - FRIDAY MORNING
What happens now ? Gold just made a new low yesterday and now testing its breath and pushing the top as high as it can. Through out last month, including these last weeks, gold has been struggling to make new highs and so far, that remains true. Id remain bear on the short term if the price wont push above 62.5, anything above that without a massive level failure would indicate a bull swing and we should see a retest of the highs at 2050 - above.
So far, we wait for EU Inflation numbers.
Lets Pay attention to Weekly levels (path in red) and Month level (white center dot)
So far, we wait for EU Inflation numbers.
Lets Pay attention to Weekly levels (path in red) and Month level (white center dot)
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.