XAU/USD is trading in an uptrend above its main daily simple moving averages (SMAs). However, gold broke below a bear flag and has then been recovering slightly in the last three sessions.
After the breakdown of the January bear flag, the bears are considering the current upmove a correction that will lead to another potential bear leg. However, a clear break above the 1570/75 resistance should invalidate the bearish bias and re-establish a bullish momentum in the market. Bears are looking for a break of the 1560 support with follow-through below 1550 and a potential drop to the 1540 level.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
After the breakdown of the January bear flag, the bears are considering the current upmove a correction that will lead to another potential bear leg. However, a clear break above the 1570/75 resistance should invalidate the bearish bias and re-establish a bullish momentum in the market. Bears are looking for a break of the 1560 support with follow-through below 1550 and a potential drop to the 1540 level.