Eightcap

Gold: Thoughts and Analysis

Long
EIGHTCAP:XAUUSD   Gold Spot / U.S. Dollar
Today's focus: Gold

Pattern – Correctional phase.
Support –
Resistance – $2394

Hi, traders. Thanks for tuning in for today's update. Today, we are looking at Gold on the daily chart.

We have reviewed recent price actions and our thoughts on what we are seeing and looking for moving forward. Is this just a bout of profit-taking that will kick off a new trend?

The next rally is key for us and could give us signs depending on what we see from price.

Good trading.

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.