TradingView
Mihai_Iacob
22 de Mar de 2023 05:24

Gold- Reversal or only correction? 

GoldOANDA

Descrição

The past two weeks were crazy for Gold with the price rising 2k pips from the bottom to the top.
On Monday the price spiked above 2k and has started to reverse.
Considering the strong leg up, this drop is, in my view, just a correction to the overall trend and the price should start rising again soon.
At the time of writing Gold is trading at 1940 which is also horizontal support and a break under it would expose the next important support zone between 1910 and 1915.
I'm waiting for more clear reversal signs for now.
Comentários
FX_Professor
Reversal:
Our charts were pretty at the same levels. Thumbs up mate
UnitedSignals
I agree with your view
AkhiPrajapati
great post
BKTradingAcademy
Hmmm, not quite sure at the moment but I’d like to see your idea come to fruition. 😉
KlejdiCuni
taking in consideration how the market is reacting it should work out pretty well.
FirstNameHelen
I see a strong move coming yes, thanks for gold signal
Navima
Always nice to see your Analyses ... Yep ,very big chance that is going up further .
WalterMoon
Good work man, absolutely agree about XAUUSD
basictradingtv
Abolutely same opinion on Gold, thanks!
Mais