FX:XAUUSD   Gold Spot / U.S. Dollar
Sell is almost completed! Those selling the 1299-test-back should trail the stops or have BE.
Because if Gold is Bull then at 1276 it will stop and continue back up.

1276 is a Gate level! So if 1276 broken by 1$ and Gold goes up, that means that 1254 becomes a target that doesn't have to be reached right away but can be reached month + later.
If there is pip in a pip touch 1277-1276 and no break by 1$ and move up - very healthy bull.
If this level is the one Gold want to reach, then rejection should be as good as in this idea from the monthly level area!
Take Care.



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.