Trade of the Day XAUUSD

XAUUSD is bouncing off the strong support

 

XAUUSD is bouncing off the strong support 1690 and is going for a test of a key medium-term upside reversal level 1728. A break above this level is now needed for the upside reversal. A break below 1690 again is required for a downside break and continuation lower

Note – Look for the long trade entries with the stop loss below 1710 upon a break above 1728

XAUUSD price action trading analysis

 

Gold weekly chart
Gold weekly chart

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