Get started
oguztur

GOLD - closed below 1760 support, anyway not confirmed yet

Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)  
oguztur  
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators
1
1
trendanalysis chartpattern indicator
Gold closed below 1760 support. What does it mean? Nothing yet. A single day closing is is not confirmation. It may be bear trap. Observe for two more days. If Gold stays below 1760, next is 1670 Fibo(50%). 1670-1765 was 3 month flat move last april-june, yellow circle. I won’t open new position until I got confirmation. Stay calm.

Related Ideas

oguztur
GOLD. Looking for support at Fiba50 level 1670
oguztur
MidTerm Roadmap for GOLD
oguztur
Short term view on XAUUSD
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.