XAUUSD Gold Overview: Long & Short Opportunity
As mentioned in my previous chart which I have shared with you, Gold reversed from the support line.
It is testing the fractal line resistance. If it breaks and closes above the fractal line, we may talk about a new rally.
However, we need to see a closing above 1922 horizontal support.
Upside targets are mentioned on the chart by the green lines.
Cycle Sniper Set1 is breaking above the 0 line. And this can be a confirming indicator of the new rally.
If, the price rejects the resistance and breaks down the support,it is likely to test 1875 and 1855 shorter term.
Good Luck.
It is testing the fractal line resistance. If it breaks and closes above the fractal line, we may talk about a new rally.
However, we need to see a closing above 1922 horizontal support.
Upside targets are mentioned on the chart by the green lines.
Cycle Sniper Set1 is breaking above the 0 line. And this can be a confirming indicator of the new rally.
If, the price rejects the resistance and breaks down the support,it is likely to test 1875 and 1855 shorter term.
Good Luck.
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