Gold has reached the last support level. Sales volume is declining. Given the overbought condition of US stocks and the increase in insider selling, the probability of a local bullish trend in Gold is high. Also, this probability is increased by the RISK indicator (chart #1) and the test of the buying line on the hourly chart (chart #2). You can also consider a long from the current level with a stop order below the buying line ($3963) and a take-profit at $4245.


$XAUUSD
XAUUSD0.92%
View Original
post-image
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned