XAUUSD is approaching support, potential bounce | 11 Feb 2021 Long

Gold/U.S. DollarFXCM

Description

⋅ Feb 11, 2021 4:03 AM

Price is approaching our support in line with our ascending trend line and fibonacci confluence levels where we could see a bounce above this level.

Comment

⋅ Feb 11, 2021 4:03 AM

Comments

Prasad_Ari

⋅ Feb 11, 2021 12:48 PM

@FXCM, Wonderful Analysis! Gold is under selling pressure, since November 2020. Reason could be Bitcoin & Stocks are pulling some oxygen out of Gold! I agree with Gold is still bullish in the Long Term (Monthly) Charts. For the Short Term, I think there is a high probability of Gold retesting $1775 (November 2020) support again, time will tell!!

Prasad_Ari

⋅ Feb 11, 2021 12:49 PM

mohdbkry75

⋅ Feb 11, 2021 10:19 AM

Thank u for approve

uchechukwuvirtus

⋅ Feb 11, 2021 8:51 AM

Great insight Thanks

igqqei

⋅ Feb 11, 2021 6:23 AM

Enlightening. Thank you!

troynikovzerpa

⋅ Feb 11, 2021 5:20 AM

Thanks for the wonderful analysis! Love it!

GoProfit88

⋅ Feb 11, 2021 4:25 AM

great analysis !
Thanks a lot !