aN00bis_FX

XAUUSD - Will Price Continue Moving Downward?

FX:XAUUSD   Gold Spot / U.S. Dollar
86 views
1
86 0
As stated in the graph above, price has managed break free from the channel. Price tried to enter the channel back (retest) and yet failed to do so.

As you can see from the graph above (based from the price action and Kumo cloud), there's a clear support @ ~1191.00.

In my opinion, price might consolidate for awhile. I will wait for the price to move below the Kumo Cloud and break the 1191.00 support level and then look for a sell signal from there.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out