Buyers taking over on Gold

07 Jul 2021, 00:32 · Views 636

#OPINIONLEADER# #XAU/USD#
The strength of buyers are increasing on #XAU/USD#. As seen on the 4hr chart, sellers failure to make a new low and hold has given buyers the opportunity to step in hard.
The resistance at 1790 has been successfully taken out. Price is currently reacting from the resistance at 1810, which is very close to the 200 MA.
It’s now buyers market on #XAU/USD# as sellers get taken out. Sellers are now needed to fill more buy orders. As long as price doesn’t go below 1780, buyers territory, buyers are in full control.
The precious metal is getting ready to go really long to 1910 and above.
More updates will be posted as the market adjust itself for a complete turnaround.
#Trading# #XAU/USD#

Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Trading Community Website: https://www.followme.com