$XAU RECOVERY MOVE IN PLAY
#Gold is bouncing strongly from the $4,075–$4,085 support area after the sharp sell-off. Buyers are attempting to reclaim $4,120, which could open a move toward the higher resistance zones.
LONG ENTRY: $4,100–$4,110
TP1: $4,125
TP2: $4,140
TP3: $4,160
SL: $4,075
A sustained hold above $4,120 would strengthen the recovery setup.
Buy & Trade
$RLC
$RED
#Gold is bouncing strongly from the $4,075–$4,085 support area after the sharp sell-off. Buyers are attempting to reclaim $4,120, which could open a move toward the higher resistance zones.
LONG ENTRY: $4,100–$4,110
TP1: $4,125
TP2: $4,140
TP3: $4,160
SL: $4,075
A sustained hold above $4,120 would strengthen the recovery setup.
Buy & Trade
$RLC
$RED