ChrisLaw1

XAUUSD: Go Long From Overlap Support Level

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Price is falling towards the overlap support level which also aligns with the 50% fibonacci retracement and the 50 moving average.
I believe a rejection from this level could lead the price to rise towards the resistance level.

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.