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Anthony-Ryan

Gold enters technical correction

Long
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
Anthony-Ryan Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Support and Resistance Supply and Demand XAUUSD xauusdanalysis xauusdlong xauusdupdates xauusdsignal Contains image
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trendanalysis supportandresistance supplyanddemand xauusd xauusdanalysis xauusdlong xauusdupdates xauusdsignal containsimage
snapshot

Before the arrival of the blockbuster data, gold entered a technical correction. Gold fell to 1931 and then rebounded to 1946. At this stage, gold is technically oversold and in a short-covering correction trend, and the rebound is weak.

Yesterday, in my analysis post, I talked about gold’s slow decline. If it fails to fall below the key position of 1925, it will rebound. Everything corresponds to my analysis.

At present, gold is expected to rise to 1970, but we also need to pay attention to this week's US CPI data.

Gold overall bullish
Trade active
Comment:
1965 go short
Comment:
1961 now
Comment:
snapshot

The current market is in the process of determining the direction to correct. This is also a dangerous moment
Comment:
rebound
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