BullBearMkt

Gold Keeps Testing Support At 1823, What Next?

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold has tested support at 1823 several times on the daily and each time, price has been rejected. With the last 2 trading days candlestick showing indecision, the question now is where will price lead to? Daily corrective structure is still showing bullish wedge with possibility of a WXY structure, a re-test of rejection candle below 1800 (dotted blue lines) is a high possibility, however, if next candlestick ended in a strong bull, then gold might likely continue to rally up to re-test 1940 level

N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades

Smart Monies trade on Emotions and Sentiments. Let them work for you in taking calculated risks...

-YouTube Channel: BullBearMkt
-Telegram: https://t.me/BullbearMkts

Comments

r u sure Y is finished?
Reply
BullBearMkt meysam4154
@meysam4154, iF it's a simple corrections, then there is high probability that Y is finished, however, price could re-test the low as provided by the the dotted lines
Reply