Tuesday, February 11, 2020

Gold four-hour chart

After the breakdown of the January bear flag, the bears consider the current up move as a correction that can lead to an extension of the down move. Sellers are looking for a break of the 1569.00 support with a continuation to 1563.00 and a potential drop to the 1557.58 level. However, a daily break above the 1572/74 resistance could invalidate the bearish view and re-establish a bullish bias in XAU/USD. 


Date 28/09/2022 Buy gold 49250 high 50220 second target 50200 hit profit 1000 point intra day book