XAUUSD|Examining possible scenarios for this week's transactions
Hello friends, let's go to the first weekly outlook of 2024 for gold.
In the last week, gold moved according to our view and managed to get the prices we wanted.
My weekly view on gold is that due to the breaking of bullish structures, gold can continue its downward trend.
In a more general view, you can see that the price behavior in the form of an ascending channel has now failed to record a new high, we are seeing bearish structures, downward trends have been broken, bearish candles are more powerful and the possibility of reacting to The range of support ahead is also very small.
With the failure of this support area, which is the closest drawn area to the current price, we are sure that gold can have a price decrease and experience the prices of (1980) and (1970).
Thank you for following and supporting me, I hope it was useful for you.
I wish you a profitable week.
In the last week, gold moved according to our view and managed to get the prices we wanted.
My weekly view on gold is that due to the breaking of bullish structures, gold can continue its downward trend.
In a more general view, you can see that the price behavior in the form of an ascending channel has now failed to record a new high, we are seeing bearish structures, downward trends have been broken, bearish candles are more powerful and the possibility of reacting to The range of support ahead is also very small.
With the failure of this support area, which is the closest drawn area to the current price, we are sure that gold can have a price decrease and experience the prices of (1980) and (1970).
Thank you for following and supporting me, I hope it was useful for you.
I wish you a profitable week.