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.
🎯 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
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
🎯 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
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.