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XAUUSD
Remember the line we had last week? The price reacted very well to the set level. All in all, many critics would reply that the lines do not mean anything and that the price does not react to the lines .. And they are right. We just found the level at which there was the best chance of reacting. The short positions I wrote about 2 days ago could be used without major corrections with the target point indicated earlier.
After yesterday’s data, the price has gone crazy, but this is a consequence of closing contracts and exiting platinum investments while investing in gold, which has been appreciating recently. If you have physical gold, it still pays off to hold it. If you are trading CFDs, we have an open path to attack the upper end of the price moving channel and the next resistance at $ 1950.
