alanchin

Gold critical support broken. Bullish finish?

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Critical support 2020 broken on NFP day. A gap between 1995-2000 shows that the retracement down has not finished yet. Long-term bullish support around 1990 is important for the last bullish move.

* 1st resistance: 2025-2030. 2nd resistance: 2035-2040.
* 1st support: 1995. 2nd support: 1990.
* Bull & bear boundary: 1985-1990.
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.