FX:XAUUSD   Gold Spot / U.S. Dollar
Price broke monthly support which has now turned resistance, fell and tested weekly level. Price is trading above upwards facing EMA.

Last week closed back above EMA support with a bullish engulfing.

Price tried to break below EMA, but has rejected with a large wick. Closed back above EMA with a bullish engulfing.

Fib retracement at preferred FIB level, wick entry within the overall swing. Price target next key daily zone.

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.