Get started
UnknownUnicorn13514545

Spot Gold : 1890-1900 handle upside channel resistance tested

Long
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
UnknownUnicorn13514545  
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Technical Indicators Beyond Technical Analysis Gold goldtrading goldforecast goldidea goldsignals XAUUSD xauusdsignal
0
0
trendanalysis indicator beyondta gold goldtrading goldforecast goldidea goldsignals xauusd xauusdsignal
Yesterday we got some heavy volume trades in gold followed by a short term partial profit booking and interestingly at the same time of major profit booking happened in Cryptos . It was pretty clear about the 1890-1900 upside channel test since the SSI was less than 20% . As of now , price is consolidating around 1870-1875 level and likely to continue for some more time in our opinion.

Trend : Up
Upside Channel Resistance 1890 : Tested
One more Spike to 1890-1900 handle : Possible

Retracement / Testing the 50 day EMA : possible ( Higher inflation rates + possible comments from FED members )


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.