Hello everyone, this is my analysis for XAUUSD (GOLD);
- Gold has recently made a very sharp push upwards and is due a pullback.
- Price is showing signs of a reversal as it seems to be respecting the current resistance. It has the potential to pullback to 1590, or 1575 if breaks 1590 and crosses below the MAs.
- Thank you for dropping by and checking out my idea!
- If you support my view, a like would be highly appreciated. Otherwise, feedback and suggestions are always accepted!
Good luck!
- Gold has recently made a very sharp push upwards and is due a pullback.
- Price is showing signs of a reversal as it seems to be respecting the current resistance. It has the potential to pullback to 1590, or 1575 if breaks 1590 and crosses below the MAs.
- Thank you for dropping by and checking out my idea!
- If you support my view, a like would be highly appreciated. Otherwise, feedback and suggestions are always accepted!
Good luck!
Comment:
- Price has tested the 200 MA (1596) and is currently re-testing the resistance.