Karina_Bella

XAUUSD - It's time to reverse

Karina_Bella Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Dear esteemed traders, I am Karina, thrilled to accompany you on the Trading View market. Let's exchange ideas and discuss today's topic together!

With the fantastic tools on Trading View, we are currently witnessing a narrowing of the Bollinger Band range, indicating potential significant market volatility in our XAUUSD market. After experiencing a decline in recent days, it seems that this week may bring a return to weakness in gold prices, as seen over the past two days. This presents an opportunity for us to establish a Buy position with support at 1805 and utilize Fibonacci measurements, which could reach up to 1865 USD.

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Comment:
The US economy is really weak will be a good thing for the market, as it may soothe the momentum of bond yields.
Trade active
Comment:
Gold has been in the right direction according to the analysis, the script can still occur. Let's wait for the results tomorrow!
Trade closed: target reached
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