XAUUSD
Hello traders,
I'm interested in taking a bullish stance on gold for Tuesday. To briefly summarize, I have identified three factors that support this position:
Time analysis indicates a bullish outlook, as there is a noticeable positive trend line.
Price action reveals the presence of strong support levels, which can be visually represented as support boxes.
Notably, the Fibonacci retracement level of 61.80% aligns precisely with one of these support boxes.
However, it's important to remain cautious of any news regarding the dollar, as such developments can swiftly alter the market's direction.