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Gold Retracing or Reversing?

Name: Gold Retracing or Reversing?
Uploaded: 2023-04-19
Channel: David Kindley
Description: After falling over $50 in the past few days, traders were hoping for a rebound on the yellow metal.However, after breaking through the $2k level, prices have dropped even further.So, the question is, is this just a small retracement on Gold, or are w

By David Kindley On Apr 19, 2023 191 0

After falling over $50 in the past few days, traders were hoping for a rebound on the yellow metal.

However, after breaking through the $2k level, prices have dropped even further.

So, the question is, is this just a small retracement on Gold, or are we looking at a full reversal?

Timestamps
XAUUSD 01:35
DXY 03:05

Gold

David Kindley

Market Strategist at Orbex David Kindley is a renowned fundamental analyst with over 10 years of trading experience in the financial markets. With a keen eye for macroeconomics and a special focus on trading psychology, David is passionate about helping everyday investors make informed trading decisions through his thorough research and analysis.

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