Gold- Consolidation with bullish perspectives
In yesterday's post, I wrote that an important level for bulls to watch is the 1990 zone.
After a new test of the waters above 2k, Gold fell in that zone and is now consolidating under this significant 2k milestone.
Both the medium-term and the short-term are bullish and if XauUsd finally has a genuine break above 2k we can expect acceleration.
As said, both medium and short-term trends are bullish, but for the short-term trend to remain like this, the price needs to remain above 1985.
In case of a break under, we can expect a drop to 1975 or even lower.
After a new test of the waters above 2k, Gold fell in that zone and is now consolidating under this significant 2k milestone.
Both the medium-term and the short-term are bullish and if XauUsd finally has a genuine break above 2k we can expect acceleration.
As said, both medium and short-term trends are bullish, but for the short-term trend to remain like this, the price needs to remain above 1985.
In case of a break under, we can expect a drop to 1975 or even lower.
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t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
🌟 Bust your trading with 50% deposit bonus:
secure.m4markets.com/links/go/5426
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