Ruli1690

XAUUSD BULLS going 4x4

FX:XAUUSD   Gold Spot / U.S. Dollar
After 8 days of continuous downtrend activity to reach Lows of 1686 - 1688 to create a strong support at 1690.00 after this price action
consolidation and now looking for a breakthrough over 1707 to test higher prices at 1750 to then confirm a reversal which might retest 1800-1810 possibly
This could be a good R;R entry point if we dip back and retest 1695 - 1690 if this doesn't hold firmly we could continue to see a move to 1680 - 1660 which are the next support levels.
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.