Grevious

Gold tests its asian lows and bounces (Go long)

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
Gold may be below the 1700 key level ultimately, but the real support level turns out to be the 1695$.

Keep in mind that the market close today will help us understand the overall tendency (which depends more on the 1700 level), however I do not see any bearish factors at this moment - the uncertainty keeps on growing, which can definitely be one of the biggest engine for the future growth.

Enter long safe with TP under the current impulse point

Thank you!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.