2206 P2/8 XAUUSD only clues on weekly chart is reliable now
Every one is wondering where could to short GOLD.
But why not keep eyes on where to long it again?
Only weekly chart could provide more clues for buyers now.
Weekly chart is showing two possible strong resistance with red line.
Yes , the next one could be 1500.
But now 1400 is the taking all the attentions.
Gold will be probably rejected down to 1360-1348 if a signal is confirmed on 4h chart.
And then if the red channel is remained as a valid one, it will sen price of gold up to break the blue channel.
LESS IS MORE!
But why not keep eyes on where to long it again?
Only weekly chart could provide more clues for buyers now.
Weekly chart is showing two possible strong resistance with red line.
Yes , the next one could be 1500.
But now 1400 is the taking all the attentions.
Gold will be probably rejected down to 1360-1348 if a signal is confirmed on 4h chart.
And then if the red channel is remained as a valid one, it will sen price of gold up to break the blue channel.
LESS IS MORE!
