Signal_Centre

GOLD - Correctine lower to the breakout level

Short
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD
XAUUSD
XAUUSD
XAUUSD


Gold - Intraday - We look to Sell at 1415 (stop at 1425) TODAY ONLY

Continued downward momentum from 1424 resulted in the pair posting net daily losses yesterday. Bespoke support is located at 1381. The medium term bias remains bullish. A 5 wave bullish count has been completed at 1439. Immediate signals are hard to interpret. Preferred trade is to sell into rallies.
Our profit targets will be 1381 and 1365

Resistance: 1397 / 1415 / 1439
Support: 1381 / 1365 / 13333

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.