GOLD XAUUSD Price Outlook
Gold prices have opened the week at a key support level around the 61.8% retracement of the June-August major move.
CURRENT EVENTS:
Short and Long-term strategies may favor Gold strength, while intermediate-term strategies may continue to look for bullish swing scenarios as COVID fears become more serious in the UK & Europe. Recent price action tell us Gold prices have now spent more than the past four months digesting after this summer’s bullish run.
LOOKING FOWARD:
Price area on the chart has continued to form major price structures is 1859-1871: This zone caught support after that pullback first started in August and four months later, it came in as resistance last week to help hold buyers at bay.
TODAY RESISTANCE:
Very simple targets of previous highs.
Target 1 - 1838
Target 2 - 1852
CURRENT EVENTS:
Short and Long-term strategies may favor Gold strength, while intermediate-term strategies may continue to look for bullish swing scenarios as COVID fears become more serious in the UK & Europe. Recent price action tell us Gold prices have now spent more than the past four months digesting after this summer’s bullish run.
LOOKING FOWARD:
Price area on the chart has continued to form major price structures is 1859-1871: This zone caught support after that pullback first started in August and four months later, it came in as resistance last week to help hold buyers at bay.
TODAY RESISTANCE:
Very simple targets of previous highs.
Target 1 - 1838
Target 2 - 1852
Nota
Nota
Expecting new support before Target 2Dagangan ditutup: sasaran tercapai
No interest in long position past 1845 for the London Session
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.