XAUUSD will fall down to 1775-1760 if do not pass 1834
As you see in the Chart ,D and H1 ,downtrend and will fall to 1775 first and then even to 1760 .
However if impulsive move make break out 1834 ,1847.70 and 1853.17 ,it will go up to 1900 back again. let we see on coming Monday 16/05/22,according to my conception on Gold, morning Asia business time ,it would climb up nearly to 1834 and holding and sticking there till american session time opens and then will fall down to as i guess,so guys let's wait and see it.
However if impulsive move make break out 1834 ,1847.70 and 1853.17 ,it will go up to 1900 back again. let we see on coming Monday 16/05/22,according to my conception on Gold, morning Asia business time ,it would climb up nearly to 1834 and holding and sticking there till american session time opens and then will fall down to as i guess,so guys let's wait and see it.
Comment:
if xauusd is falling down to 1760 within a week and it can reach to 1724 even,never ever had been before ,i hope it will stop at 1780.61,but 1780 is not really strong resistance level at all, wait and see,guys.