There is exactly a week now with Gold trading in a very narrow 200 pips range, between 1810 and 1830, and is about time for XauUsd to decide the direction.
Technically speaking, things are very simple, a break above 1830 would mean bullish and Gold can rise to challenge 1870 high and, on the other hand, a clear break of 1810 is bearish and the price can fall to 1785 support.
My personal take:

My personal bias for Gold is bearish and although after the 1750 December's low the price has started to rise, this is just a correction of the first leg down from 1870 to 1750
The reasons for this are:
1. The rise has no impulse
2. The rise is overlapping
3. The rise is in a flag (although not book perfectly)
4. DXY is bullish
In conclusion, sell rallies is my strategy and I expect acceleration to the downside once/if the price clearly breaks under 1810 support
Technically speaking, things are very simple, a break above 1830 would mean bullish and Gold can rise to challenge 1870 high and, on the other hand, a clear break of 1810 is bearish and the price can fall to 1785 support.
My personal take:
My personal bias for Gold is bearish and although after the 1750 December's low the price has started to rise, this is just a correction of the first leg down from 1870 to 1750
The reasons for this are:
1. The rise has no impulse
2. The rise is overlapping
3. The rise is in a flag (although not book perfectly)
4. DXY is bullish
In conclusion, sell rallies is my strategy and I expect acceleration to the downside once/if the price clearly breaks under 1810 support
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.