Mihai_Iacob

Gold- Time for correction?

Short
Mihai_Iacob Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Since the recent low from 1680, Gold has risen exactly 1000 pips.
At this point, the yellow metal is facing a strong resistance zone, with a lot of horizontal levels and also the falling trend line.
We can see at this moment a correction and short-term traders can target the first important support at 1760.
Keep in mind though that we are against the trend and a clear break above 1780 could lead to upwards acceleration
Comment:
I ve closed my sell trade in break even.
Looks like gold wants to touch 1800

🚀 Elevate your trades with a 20-year market veteran!

📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals

💎 Crypto Channel:
t.me/FanCryptocurrency

🌟 Premium Contact:
t.me/IacobMihai
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.