DragonCaptain

GOLD HAS COMPLETED THE PULLBACK LEG, BEARS TARGET 1780 MARK

Long
DragonCaptain Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD has completed its pullback leg from 1748 range to 1722 and can follow the plan to 1780 as US-CHINA tensions, US Riots and Pandemic fears overcast the market sentiments. Every pullback is an opportunity. Follow ascending channel and trading levels on charts. \ XAUUSD
Order cancelled:
Unexpectedly strong NFP data, Riots stopped the violence and Recovery hopes have turned Gold bearish. Multiple rejections at the 1750 mark give a strong signal that Gold has lost its steam.

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.