G'day, Guys. It's Monday and another wonderful week to trade.
Today we going to analyse GOLD (XAUUSD).
Based on recent movements, gold has spiked to the 1800 price level before returning back to the 1771.30 price tag. Personal experience on gold, it's acting like this due to fundamental & sentiment taking place to stabilize the market price, remember Supply & Demand movement gonna help you a lot on trading.
Currently, the price at the swap zone which is a high probability price continues to move upside targeting the 1895.90 first stage and next to the 1832.83 price tag. On the other hand, in case the current price solid break at the 1760 price level. We expecting the price to head to 1722.29 to retest previous support.
Generally, from a weekly perspective, this price is still in a downtrend structure. I personally believe this gonna be a deep correction before gold continues to fall. Dance with the market guys.
Let's see what gonna happen next... Cheers
Today we going to analyse GOLD (XAUUSD).
Based on recent movements, gold has spiked to the 1800 price level before returning back to the 1771.30 price tag. Personal experience on gold, it's acting like this due to fundamental & sentiment taking place to stabilize the market price, remember Supply & Demand movement gonna help you a lot on trading.
Currently, the price at the swap zone which is a high probability price continues to move upside targeting the 1895.90 first stage and next to the 1832.83 price tag. On the other hand, in case the current price solid break at the 1760 price level. We expecting the price to head to 1722.29 to retest previous support.
Generally, from a weekly perspective, this price is still in a downtrend structure. I personally believe this gonna be a deep correction before gold continues to fall. Dance with the market guys.
Let's see what gonna happen next... Cheers
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