$XAU @XXAUUSDT is 75% Bullish, 25% Bearish* according to the chart - GOLD is very strong now.
Reason:
Order Book: 79.74% Bid vs 20.26% Ask - means huge Buy orders sitting at the bottom. Everyone wants to buy.
Chart: Earlier this morning it went from $4,108.80 to $4,183.25 per ton, meaning about a $75 pump. Then there's now Flag making at $4,166, it's Bullish Continuation pattern.
Support: If the $4,154 level is maintained, it will break through the $4,183 high again.
Level:
Chance to go up: Breaking $4,170 will again take you to $4,183 - $4,190
Below actually: Breaking $4,154 could bring it to $4,137, that's a good place for Long #GOLD #XAUUSD $GOLD.US
Reason:
Order Book: 79.74% Bid vs 20.26% Ask - means huge Buy orders sitting at the bottom. Everyone wants to buy.
Chart: Earlier this morning it went from $4,108.80 to $4,183.25 per ton, meaning about a $75 pump. Then there's now Flag making at $4,166, it's Bullish Continuation pattern.
Support: If the $4,154 level is maintained, it will break through the $4,183 high again.
Level:
Chance to go up: Breaking $4,170 will again take you to $4,183 - $4,190
Below actually: Breaking $4,154 could bring it to $4,137, that's a good place for Long #GOLD #XAUUSD $GOLD.US
