Mihai_Iacob

Gold- Very important crossroad ahead

OANDA:XAUUSD   Oro al contado/Dólar estadounidense
As I said in yesterday's commentary, for Gold to become clearly bullish we need a break above the falling trend line, now at around the 1850-1860 zone, and a new higher high above 1880. Now we are just under this trend line and, in my opinion, is a decisive moment for future price evolution.
Yesterday the price was in consolidation in a tight range, digesting the important break above 1830 resistance and not giving a lot of clues for what can happen next.
A break above yesterday's high would expose 1880 recent high and, and the other hand, Gold back under 1830 is strongly bearish

🚀 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
Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.