mleader1

quick gold long analysis

Long
EIGHTCAP:XAUUSD   Gold Spot / U.S. Dollar
gold has been under pressure in the past few days by risk-off market mood. It has now reached to previous key area, with potential trend support by two previous lows.

If fails to hold above 1814, price may continue further down.

For now, I'd consider a potential rise possible - Retail news & CPI data will accelerate the metal to push further down or bounce back up.
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.