$XAU
The ad shared that this move will be a strong bounce and will test again the 100-101 zone, then it may reject one XAU move from the support area to bounce upward sharply.
The strong support zone for XAU is 4240-4270
But with the week’s close coming up, this is only considered a technical retracement on the D1. Rejecting the 4336 area could allow it to continue returning to support at 4200-4220 and SW.
(gold continues to correct when USD retracts upward)
A bit bearish for $XAUT gold on the W timeframe.
For a D1 long, move your SL up after buying the dip that just happened at support 4240-4270.
(it’s a swing accumulation type, thanks to the green weekly candle before, so a bounce is normal when USD is red)
The ad shared that this move will be a strong bounce and will test again the 100-101 zone, then it may reject one XAU move from the support area to bounce upward sharply.
The strong support zone for XAU is 4240-4270
But with the week’s close coming up, this is only considered a technical retracement on the D1. Rejecting the 4336 area could allow it to continue returning to support at 4200-4220 and SW.
(gold continues to correct when USD retracts upward)
A bit bearish for $XAUT gold on the W timeframe.
For a D1 long, move your SL up after buying the dip that just happened at support 4240-4270.
(it’s a swing accumulation type, thanks to the green weekly candle before, so a bounce is normal when USD is red)
