⚠️ This is not investment advice.
Currently, XAU on the lower timeframes (1H & 30M) has shown a change in direction. I expect new higher levels, though there remains a slight doubt whether it will be able to surpass the all-time high.
If it fails to do so, the market could be entering a consolidation phase, potentially starting a distribution process aimed at recovering the imbalance on the daily chart (1D).
Stay tuned.
Currently, XAU on the lower timeframes (1H & 30M) has shown a change in direction. I expect new higher levels, though there remains a slight doubt whether it will be able to surpass the all-time high.
If it fails to do so, the market could be entering a consolidation phase, potentially starting a distribution process aimed at recovering the imbalance on the daily chart (1D).
Stay tuned.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.