Get started
Purvee

Gold need more correction to go upside.

Long
Gold Spot / U.S. Dollar (FOREXCOM:XAUUSD)  
Purvee  
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Support and Resistance Trend Lines XAUUSD Gold Commodities commoditytrading Forex DXY goldtrading goldusd xauusdlong
4
4
trendanalysis supportandresistance trendline xauusd gold commodities commoditytrading forex dxy goldtrading goldusd xauusdlong
Since the last FOMC meeting, Gold XAUUSD is in 53$ long range. Currently trading between the technical blue resistance and support lines. As long as the Fed keeps the tone of cutting the interest rate, it is quite obvious for gold to spike up. But, from the technical point of view, the price needs correction to start the long run.
My buy orders will be in the green area.
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.