Emas Semerta / Dolar A.S.
Panjang

XAUUSD update

322
As per our post on Sunday, not much has changed.

We are still bullish on Gold provided the price remains above 1750.00

Gold is currently at a critical point, close to a descending trend line , below 50EMA and at a resistance zone where price back in July 2020 spent 9 days moving sideways before breaking out. We could be repeating similar price action and move rangebound before we see a breakout.

Every time Gold drops below 1800 it is immediately finding support and the price is pushed back up.

Seasonally Gold is bullish from next week.

we believe a breakout to the upside is on the horizon.

Penafian

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