Gold – ST Bullish Corrective Structure, Support Just Below | Feb 16
My Current Active Open Trades: AUDUSD, USDJPY, EURUSD, EURCAD, AUDNZD
XAUUSD – ST Bullish Corrective Structure, Key Support Level Below (4hr chart)
For the last two weeks, Gold is holding it’s ST bullish corrective structure between 1219 and 1243. The 1219 level has held 2x as resistance and 2x as support for the year, so ST this marks a key RRL.
I’m bullish ST while above 1210 on a daily closing basis. Any pullbacks to the key support level might offer some intra-day trades. Meanwhile bulls will need to clear 1250 on a daily closing basis to add fresh buyers. Any impulsive selling near there will likely create a push towards 1219 to test the bids there.
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