Gold, a chance for correction

By Biznes-Broker | Analysis of the financial markets | 16 Jul 2021

XAUUSD

It was hard for me today to find the right words for the title because I expect a correction to the place marked in the picture. At the same time, being aware that today's macro data may shake the market in every direction. The level marked in the picture is the place where I am going to look for a place to enter a long position. If the signal does not appear, the next destination will be around 1795 USD. Of course, we do not catch the bottom but wait for confirmation from the market.

Resources

http://biznes-broker.com/

Blog Investing Stock Market gold xauusd

How do you rate this article?

Biznes-Broker

Trader, cryptocurrency and forex market analyst. Editor of investor magazines: EN: http://biznes-broker.com/ PL: http://pvq.pl/ By giving me a tip you donate it to charity. All collected funds will help children and animals in need.

Analysis of the financial markets

Subjective view of the financial market. Mainly Forex, Indexes and Commodities. Analyzes based on technical analyzes. All analyzes are my view of the market. It is not recommended to make trading decisions based on the information provided. You can check my work here: EN: http://biznes-broker.com/ PL: http://pvq.pl/