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Mihai_Iacob
Nov 24, 2020 7:33 AM

Gold broke 1850, now what? 

GoldOANDA

Description

As I said yesterday and expected, at the first sign of USD power Gold will dive under 1850.
The trigger for this drop was another new vaccine, but, those of you who watched Gold's price action closely saw that it really lacked power.
At this point, XauUsd has a low around 1820, and this zone also coincides with an old congestion zone.
I'm my opinion dips around this zone should be bought and, on the other hand, a correction towards 1850 should be sold
Comments
Fisher_Fx
yes nice set up. thanks
Mihai_Iacob
@Fisher_Fx, thanks for comment
KlejdiCuni
Nice job here! Thanks
ProjectSyndicate
very weak, no buyers in this market.
Mihai_Iacob
@ProjectSyndicate, let s see. I was short, closed at 1815. Now i m ling with mych lower volume
Wolf_of_Trading
thanks for sharing and this is my Gold idea which +700 pips profit
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