Hallow everybody this is my first post .I am buying gold.XAUUSD as u see 1772 very strong supportfor now, we have 2 idea1- above 1790 gold up to resistance level 18572- under 1772 will see if break and hit 1765 gold it crash more Like 1723
Gold recovered after the first round of peace talks between Ukraine and Russia ended without a resolution. The precious metal found support over 1885.
The rising trendline from early February indicates that the general direction is still up despite a choppy path. The previous peak at 1974 is now a fresh resistance and its breach could send the price to the psychological level of 2000.
The downside risk is a fall below the 1852. Near the 30-day moving average, would be the bulls’ second line of defense.
The price of Gold after a strong growth goes into a phase of consolidation. The price is sandwiched between the levels of 2015 and 1976 and is trading in a cumulative flat. I expect the price to rise from the support level of 1976. My goal is the resistance of 2015