XAUUSD in a technical point of view is currently in an accumulating phase after a sharp down move in its correction recently. The and also deliver us a positive divergence at H120 TF. The C leg in primary degree is also formed, so that the price action is just now expected to lead higher to break the $1,467. xx level, then from there we see a further up move momentum will be tanked to bring Gold to next higher level at around $1,49x.xx-$1,50x. xx again ( D leg in primary).
Trading strategy for XAUUSD is now looking for long with stop loss below the current lows at $1,444.20 USD/ounce. Price zones to buy at every support levels, which we see at:
Take your look at the depicted chart below for more references:
Clear up momentum we will see but firstly above 1469. xx . From there the upward move to the Nord will be confirmed.
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