OANDA:XAUUSD   Gold Spot / U.S. Dollar
Last week, it seemed that the buyers were in full control of the gold transactions, and on Friday, it seemed that the upward candlestick would be closed, but at the end of the New York trading and with the closing of the market, we saw that there is not much interest to start the upward trend of gold, but in Currently, this precious metal is trying to return to higher price levels and we can see that it is currently above 50% Fibonacci, which if this important level is not broken, the price may reach higher levels, and on the other hand, if it breaks 50% and We should not forget to continue selling the price of 1890 dollars, because the sellers will make this price the first target, and on the other hand, the definite crossing of the price of 61% can bring the price up to 1980 dollars.

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.