OANDA:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD
In the 4-hour timeframe, a shooting star candle has been confirmed, while the daily candle has closed in shooting star form, but its confirmation is yet to be established. As a result, a correction may be expected, albeit one that is likely to be minor. The bullish trend of gold is being driven by the current state of affairs in the Middle East. Regardless, the price is expected to rise to a specific area, with or without correction.

Related Ideas

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.