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Mahtab_Tradia
Feb 17, 2022 6:26 AM

XAUUSD Resistance Approach 

Gold/U.S. DollarFXCM

Description

As you see in the chart, XAUUSD has been very bullish and rising significantly in the past few days.

Currently, price is approaching to the last recent high at 1879:

Since price has been rejected in the last time from this level, we can expect another rejection and a drop on price for the second time with a target around 1850

On the other side, since we are in an uptrend, there is a high possibility of upside breakout on the resistance level, and if price closes a bullish candle above this level, we can expect more rise for XAUUSD around (1897 - 1900)
Comments
Solldy
Great analysis ;)
Mahtab_Tradia
@Solldy Thanks mate?
TradeChartPatternsLikeThePros
yes up or down some where has to go amazing
AlkalineFX
Perfect!
ProjectSyndicate
neat techical summary and chart for traders
Danyalhassan786
Pretty well gone .... What do you expect now? I has touched 1900 as you have analyzed to be going to 1897 after breaking 1875.

Now do u expect further upward movement or now it can come down?
Michael_Winner
Nice analysis, many thanks mate.💡
YMGroup
My bias is mixed right now to be honest!
AtlasTrades
exceptional analysis, thanks brother
Danyalhassan786
@AtlasTrades Not Brother, she is a Girl.
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