As with every other market, Gold is subject to big and unforeseeable movements resulting from the decisions of very powerful players. And so it happened. This week,
XAUUSD
broke a very clear bullish flag, only it did so downwards, suddenly reversing it's trend.
As it appears looking at the weekly timeframe,
XAUUSD
is going to re-test the main support area and continuation of the precedent bearish channel after its break at the end of February.
XAUUSD
broke a very clear bullish flag, only it did so downwards, suddenly reversing it's trend. As it appears looking at the weekly timeframe,
XAUUSD
is going to re-test the main support area and continuation of the precedent bearish channel after its break at the end of February.
Comment:
We're getting close to a long term buy setup.
Comment:
Updates will follow.