Mihai_Iacob

Gold above 1800 figure, I'm still bearish though

بيع
Mihai_Iacob تم تحديثه   
OANDA:XAUUSD   الذهب / دولار أمريكي
Since the dive under 1820 support followed by 1800 break, I have become strongly bearish Gold, but, to be honest, I didn't expect a 500+ pips rebound, the 1760 support and the short-term H&S being too kindergarten easy for me to believe in them...
At this point Gold is trading well above 1800 at around 1810, still, my bearish opinion didn't change
From a technical perspective, the rise from the bottom is just a correction of the 1870-1760 drop and XauUsd is facing strong resistance just under 1820

On the hourly chart, we can clearly see that the rise is corrective and that bulls are facing strong resistance at this point
A dive under 1805 zone would give confirmation that the correction is over and expose 1790 zone
Furthermore, a drop below this point would confirm my medium-term bearish outlook and we can expect 1700 zone to be reached.
On the other hand, Gold back above 1825 would be very bullish Gold and would signal the resumption of the long term bull trend


تم فتح الصفقة:
Gold is at 1805-1806 zone
Interesting to see what will do at this point
I'm still short with my yesterday's sets of short trades

🚀 Elevate your trades with a 20-year market veteran!

📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals

💎 Crypto Channel:
t.me/FanCryptocurrency

🌟 Premium Contact:
t.me/IacobMihai
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.