Get started
DzhuneytYusein

XAUUSD, US Election Shock over

Long
Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)  
DzhuneytYusein  
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD Gold USD commoditytrading S&P 500 (SPX500) Fibonacci Bullish Patterns
19
0
xauusd gold usd commoditytrading spx500 fibonacci bullish
Markets reacted pretty well to Donald Trump being elected as US President with SPX500 reaching all time high. Therefore, GOLD has tanked below 1200!

With USD being over-priced and GOLD failing to break 0.2Fib, it could be time for to buy XAUUSD. RSI and MACD also bullish. Blue line also shows important previous structure with GOLD unable to break it.
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.