Mihai_Iacob

Gold- 1940 is the last line of defense for bulls

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
If you've read my analysis from the past week or so, you noticed that I became bearish Gold.
I explained the reasons in my previous analyzes ( check related ideas).
Gold does not disappoint me and after a short spike above 1970, the price dropped hard and is trading now in 1940 zone.
This support is, in my opinion, the last line of defense for bulls, and a break here would accelerate losses to 1910 zone.
On the medium term I expect also this support to fall and Gold could drop to at least 1850

🚀 Elevate your trades with a 20-year market veteran!

📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals

💎 Crypto Channel:
t.me/FanCryptocurrency

🌟 Premium Contact:
t.me/IacobMihai
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.