Wealth_Barometer

XAUUSD: step back on the support, continue to buy

Long
Wealth_Barometer Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
The decline of gold has been completed. From the 4 o'clock chart, the macd has deviated after gold fell to the 1923 line! And rebound strongly! Weak no longer weak must become strong! Next, start to rebound and rise! On the daily line level, this fall has fallen to the support position of Bollinger's lower track, and it has the ability to rebound in the band!

The European market fell back and continued to be bullish! The inflection point has appeared, and the rebound has started. Next, the main multi-strategy will be the main strategy! The European market is expected to fall back after encountering resistance near 1935, and continue to increase near the 1925 line! The next wave of rebound targets the 1945 line!
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