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Money_hunters
Jul 7, 2023 7:13 AM

XAUUSD: 1H analysis (SHORT 🔻) Short

Gold/U.S. DollarFXCM

Description

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Hello
I hope you have used and benefited from the previous analysis.

After falling beautifully and giving us a 300 pip profit, gold is now swinging below the 1913 resistance. Gold has been rejected in this area, which we expect to drag the price to 1904.

In case of a strong crossing of 1913, this analysis is invalid.
Comments
fitryfahmi2
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that's a very wrong way to use trendline
Money_hunters
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@fitryfahmi2, Trendline is not for 1-hour time, it is for daily.
At this moment, only support and resistance are important in the 1-hour timeframe.
Money_hunters
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