Get started
GOLDTREND-NET

GOLD - Our Analysis Shows Gold At Major Turning Point

Long
Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)  
GOLDTREND-NET  
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Support and Resistance Trend Lines XAUUSD Gold goldidea goldanalysis goldlong goldtrading swingtrading swingmaster swing
6
1
trendanalysis supportandresistance trendline xauusd gold goldidea goldanalysis goldlong goldtrading swingtrading swingmaster swing
Our analysis indicates gold is at the very important support area 1750-1760. The support area 1750-1760 is a major support because it is the last swing low, and it is also coincides with the uptrend line support. This proves to be a major turning point for gold in medium and long term ahead.
If gold is able to hold 1750, gold can bounce back to 1790-1795 resistance area. If not, gold's bull market since 2019 might be in danger.

Related Ideas

GOLDTREND-NET
GOLD - Our Analysis Shows Probability Of 1500 GOLD
GOLDTREND-NET
Gold - Swing Model Shows 1720 A Possible Target
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.