TradePlus-Fx

TradePlus-Fx|GOLD: wait for support

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TradePlus-Fx Uppdaterad   
OANDA:XAUUSD   Guld / USA-dollar
💬Description: The metal is trading below 1948.160, where the price was after testing the previous price area (balance), thereby confirming our assumptions about the strength of the seller. All the current downward movement is taking place as part of a correction, which is likely to continue in the first half of this week.

The nearest support is located at the level of 1919.235, where we actually expect the price. The area around this level may serve as a reversal of the correction, and on a global scale, we will continue to grow. Here, we can once again test the level of 2000. But we need to look at all this after the fact. At the moment, we expect a fall to 1919.235.

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