Holding $1835.80 Could Trigger Rally into $1860. Price Action through $1973.30 will change the overall trend long. The early price action suggests the direction of the February Comex gold market on Monday is likely to be determined by traders reacting to $1835.80.
Gold futures are inching higher on Monday after recovering earlier losses in a tight, mostly rangebound trade, as hopes of a U.S. fiscal stimulus package being passed this week offset downward pressure from optimism around COVID-19 vaccines roll-outs.
xau/usd has been bullish for a while.. When do we expect this trend to stop?
LeedsWave
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Can you tell us about your trading indicators, how you get the chart levels
CeoCodes
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@LeedsWave, I usually wait after the signal to make the support & resistance lines. The indicator is leading so I want to make sure the signal is acurate.