After early week gloom, post-NFP gold and silver price action turns bullish. We look at XAUUSD XAGUSD charts for price action, support and resistance.
Gold price represented by XAUUSD has the potential to do a bullish reversal. Three elements are in place as we can see from price action. 1) A strong support that will arrest any down move. 2) Signs of failed breaks that verify the support. 3) Signs of up move.
Retracement is an important pillar of price action The key to buy low sell high or sell high buy low is all about identifying retracement moves and entering at a good retracement level. It is such an important concept and is a key pillar of