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TradingAlchemist
Oct 27, 2021 9:43 AM

XAUUSD🤑 Retest support line📈 Short

Gold / U.S. DollarFOREX.com

Description

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XAU / USD quotes continue to move in growth and the bullish channel. At the time of the publication of the forecast, the price of Gold is $ 1787 per Troy Oz. Moving averages indicate a short-term bullish trend. Prices broke through the area between the signal lines upward, indicating pressure from the seller's asset and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a decline and test the level near the 1765 area. Where can we expect a rebound and a continued rise in the price of GOLD with a potential target above the level of 1880.

Have a nice trade!
Comments
TradingAlchemist
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I think there will be another rally to the resistance level, what do you think?
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