XAUUSD 1W : 25.Sep.2021

As we can see in the weekly gold chart, the price has entered a compression range since mid-April 2020, and since then it has been fluctuating in a descending triangle pattern, and the price is compressing ... range 1676 to 1740 is a very important static support range. If this support is lose , the price can re-enter the 1500$ channel ... If the price can break its dynamic resistance, we can expect to climb to the highest historical price of gold which is 2070$ ... Let's see what would be happen ... XAUUSD XAUUSD

⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 25.Sep.2021
⚠️(DYOR)