oddwaves

"Gold has bottomed up" is tricky

FX:XAUUSD   Gold Spot / U.S. Dollar
0
The recent strong reaction would give a hint to a possible turn in Gold. However, it's not safe to say if Gold has bottomed up. Behavior after Gold comes in level range: 1120-1125 will help analyse the long-term trend. Another leg down is absolutely still possible. Stay neutral...
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.