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Gold Spot / U.S. Dollar
Long

Gold technical pullback

By Anthony-Ryan
Updated
snapshot

Last week was a turning point in the gold trend. It is currently a technical retracement of the market after a sharp rise. Now the new bulls have saved up momentum to rise again. We are not sure where this wave of bulls will go. The weekly line tells us this week Bulls still have the motivation to continue to rise. Pay attention to whether the weekly and daily lines can stand firmly above 2000. If they cannot stand for a long time, then the bears will continue to return in the later period. After all, this surge is due to recent economic data and the Palestinian-Israeli caused by the situation.

Gold focuses on the support level of 1973 and the resistance level of 1987.
Target 2000
Note
1977
Note
Gold has fallen below 1968 and we can continue to wait for 1965. If it does not fall below 1965, we will be bullish.
Note
Profit 8 pip from 1965 to 1973, waiting for 1975 1980
Trade active
Note
1993 now
Trade active
Note
waiting for 2000 2005
Supply and DemandSupport and ResistanceTrend AnalysisXAUUSDxauusdanalysisxauusdlongxauusdsignalxauusdupdates
Anthony-Ryan
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