¨Top and Bottom Analysis¨GOLD (XAU/USD) by ThinkingAntsOk
4H CHART EXPLANATION:
Price is on a Corrective Descending Channel since February. Now it is breaking the corrective structure with bullish potential. In the middle term price can face two Resistance Zones, but the potential target area is the Weekly Resistance Zone.
Updates coming soon!
MULTITIMEFRAME ANALYSIS:
Daily:
Weekly:
*Please note that the above perspective is our view on the market, we do not provide signals and take no responsibility for your trades.
Price is on a Corrective Descending Channel since February. Now it is breaking the corrective structure with bullish potential. In the middle term price can face two Resistance Zones, but the potential target area is the Weekly Resistance Zone.
Updates coming soon!
MULTITIMEFRAME ANALYSIS:
Daily:
Weekly:
*Please note that the above perspective is our view on the market, we do not provide signals and take no responsibility for your trades.
Trade active
Trade closed: target reached
