In terms of daily closing, yesterday was an uneventful day for Gold.
After an initial rise, bulls were unable to hold gains and at the end of New York session, XauUsd reversed to the day's open.
Although we have this reversal from interim 1950 zone resistance, the structure remains bullish and I expect gains at this end of the week.
Technically, bulls need to keep the price above 1915 and preferably above the 1923-1924 zone.
In conclusion, in spite of yesterday's reversal, I'm looking to buy on dips with a moderate target around 1950.
As explained in my past analyses, a break above 1950 would expose 1980.
After an initial rise, bulls were unable to hold gains and at the end of New York session, XauUsd reversed to the day's open.
Although we have this reversal from interim 1950 zone resistance, the structure remains bullish and I expect gains at this end of the week.
Technically, bulls need to keep the price above 1915 and preferably above the 1923-1924 zone.
In conclusion, in spite of yesterday's reversal, I'm looking to buy on dips with a moderate target around 1950.
As explained in my past analyses, a break above 1950 would expose 1980.
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🎯 Want More Trading Ideas?
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
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这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。