Mahtab_Tradia

XAUUSD Different Scenarios

FX:XAUUSD   Gold Spot / U.S. Dollar
Price is above the weekly pivot point which is 1790. On the other hand, price is still in the descending channel and also below two weekly resistance levels (1820 & 1840) which can be reversal levels for price to drop around any of the support levels (1753 & 1724). So, we have 3 different scenarios here:
1. IF price rises around one of these resistance levels 1720 or 1740 and then got rejected by any of them, we can expect the price to fall around 1753 or even more to 1724.
Scenario 2: IF price came down to the marked support zone and got rejected by that, we can expect a rise at least towards the channel’s upper band.
Scenario 3: IF price could break the resistance levels, we can expect the channel’s upside breakout and then price begins to grow in the new channel in the future.
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Comments

great outlook and analysis :) thx for sharing
+1 Reply
salam. mishe lotf konid tahlil kotah modat bezarid? mamnoon
+1 Reply
Mahtab_Tradia vahidtoghyani
@vahidtoghyani Salam, bale hatman
Reply
amazing 👌🏻👌🏻
+1 Reply
Mahtab_Tradia imanpajand
@imanpajand Thank You 🙏🏻
Reply
thank you lady :-)
+1 Reply
@kipo7055 Welcome
Reply
well, the picture clearly looks great! time will tell! great idea1
+1 Reply
Mahtab_Tradia TopTradingSignals
@TopTradingSignals Appreciate your support ☺️🙏🏻
Reply
always great to have a plan A and plan B. nice work, keep it up!
+1 Reply
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