XAU/USD: gold was captured by bulls

Read the article on FBS website

Recommendation:

BUY $1327

SL $1312

TP $1357 TP2 $1395

On the daily chart, XAU/USD is under control of bulls, at least until the pair’s trading above $1306 an ounce. A break of this level will increase the risks of the reversal “Widening wedge” pattern.

Gold.png 

On H1, XAU/USD is forming “Spike with reversal and acceleration”. Breaks of support at $1333 and $1327 an ounce will create grounds for the development of correction. On the other hand, rebound from this level will allow the bulls to count on the uptrend’s resumption.

Gold1.png

Share with friends:

Similar

Latest news

Instant opening

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.