In my post from yesterday regarding 
XAUUSD, I mentioned that while a correction is possible, it should be viewed as a buying opportunity to align with the overall bullish trend.
Indeed, after a brief consolidation and a test above 2260, Gold experienced a rapid drop to the 2230 zone.
However, it quickly reversed course and closed the day with a new all time high in terms of closing, at 2250
Interestingly, yesterday's intraday correction halted precisely at the previous all-time high and Friday's closing price.
This could be interpreted as a test of this resistance turning into new support.
In conclusion, as long as the 2230 zone remains intact, I am inclined to buy dips.
XAUUSD, I mentioned that while a correction is possible, it should be viewed as a buying opportunity to align with the overall bullish trend.Indeed, after a brief consolidation and a test above 2260, Gold experienced a rapid drop to the 2230 zone.
However, it quickly reversed course and closed the day with a new all time high in terms of closing, at 2250
Interestingly, yesterday's intraday correction halted precisely at the previous all-time high and Friday's closing price.
This could be interpreted as a test of this resistance turning into new support.
In conclusion, as long as the 2230 zone remains intact, I am inclined to buy dips.
Nota
Gold has made a new ATH.How long can it last without correction?
📈 Forex & XAU/USD Channel:
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t.me/FanCryptocurrency
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Penerbitan berkaitan
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.