XAUUSD: Is there a reversal in gold?
From the point of view of the one-hour chart, gold has broken through the track from the upward channel, and the trend after the breakthrough is temporarily concerned.
If it is a false breakthrough, the trend will return to the channel room, when we still maintain the idea of dips.
If it is a real breakthrough, the lower track of the uplink channel will form a counter-suppression, and pay attention to the performance near 2370 to make a decision!
Today, gold jumped low open, the lowest fell to around 2351, the day's maximum drop of 370 points, around Israel and Iran tensions have cooled, which makes the risk aversion has eased, thus putting pressure on the gold price, from the hour chart is indeed a downward breakthrough, focus on the strength of the rebound to consider short! Want to do more can consider 2344 and 2330 support performance!
I will announce the entry time in my group!
Trade active
2358Trade active
2348Trade active
2342Trade active
2336Trade active
Wait for the U.S. stock market to open and find the right position to sell goldTrade active
2337Trade active
2330Trade active
2314Trade active
2323Trade active
2319Trade active
2327
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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.