BullBearMkt

Gold Keeps Testing Support At 1823, What Next?

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold has tested support at 1823 several times on the daily and each time, price has been rejected. With the last 2 trading days candlestick showing indecision, the question now is where will price lead to? Daily corrective structure is still showing bullish wedge with possibility of a WXY structure, a re-test of rejection candle below 1800 (dotted blue lines) is a high possibility, however, if next candlestick ended in a strong bull, then gold might likely continue to rally up to re-test 1940 level

N.B
- Let emotions and sentiments work for you
-ALWAYS Use Proper Risk Management In Your Trades


Smart Monies trade on Emotions and Sentiments. Let them work for you in taking calculated risks...

-YouTube Channel: @bullbearmkt331
-Telegram: t.me/BullbearMkts
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.