Buyers taking over on Gold

07 Jul 2021, 00:32 · Views 659

#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#

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