XAUUSD (30M) Intraday Trader can look at this Point.
XAUUSD (30M) Intraday Trader can look at this Point.
With a daily candlestick closing above the declining trendline resistance at $2,165, a Bull Flag confirmation is still required, but the short-term technical picture for the price of gold is nearly unchanged.
Should acceptance surpass the latter, there will be a new surge in price above $2,190, above which the record high of $2,195 would be once again challenged. At the $2,200 barrier and the psychological $2,250 mark, the next significant bullish objectives are situated.
There may be an impending new gold price upsurge based on the 14-day Relative Strength Index (RSI), which is now trading just below the overbought area, at 68.00.
But in the event that gold for sellers regain control, buyers will find immediate support at Monday's low of $2,146, below which they will find support from the declining trendline at $2,132.
A persistent decline below that mark will challenge the $2,125 low from March 6. As we move lower, bullish commitments will be tested at the pivotal round level of $2,110.
This way it can happen to fall the Gold as per above criteria, near 2129$.
NOTE : 📬 COMMENT, ✅LIKE AND ☑️ FOLLOW. THIS CAN HELP ME TO ANALYSE THE MARKET MORE EFFICIENTLY FOR YOU.
With a daily candlestick closing above the declining trendline resistance at $2,165, a Bull Flag confirmation is still required, but the short-term technical picture for the price of gold is nearly unchanged.
Should acceptance surpass the latter, there will be a new surge in price above $2,190, above which the record high of $2,195 would be once again challenged. At the $2,200 barrier and the psychological $2,250 mark, the next significant bullish objectives are situated.
There may be an impending new gold price upsurge based on the 14-day Relative Strength Index (RSI), which is now trading just below the overbought area, at 68.00.
But in the event that gold for sellers regain control, buyers will find immediate support at Monday's low of $2,146, below which they will find support from the declining trendline at $2,132.
A persistent decline below that mark will challenge the $2,125 low from March 6. As we move lower, bullish commitments will be tested at the pivotal round level of $2,110.
This way it can happen to fall the Gold as per above criteria, near 2129$.
NOTE : 📬 COMMENT, ✅LIKE AND ☑️ FOLLOW. THIS CAN HELP ME TO ANALYSE THE MARKET MORE EFFICIENTLY FOR YOU.
Trade active:
From 2158 to 2150, 80+ pips achieved and looking for more downtrend
Trade closed manually