XAUUSD surprises by forming a rather strong movement on the background of weak news. This movement is based on technical factors, namely the realization of consolidation within the framework of correction on the background of bearish trend
TA on the high timeframe: 1) Price is correcting and aiming for resistance at 1937.5 2) Globally we have a bearish trend, locally this trend is opposite to the global one.
TA on the low timeframe: 1) I have marked support at 1918 and an ascending support line 2) Price may form a liquidity retest if this area is retested. If sellers sell the level on a pullback, price will break support and fly to 1900 3) At the moment there is a chance that from 1918 area the price will break up and hit 1930.
Key support📉: 1918.9, trend line Key resistance📈: 1930
I like the graphics and style that you put into this analysis!
KABHI_FOREX_TRADING
â‹…
Good job
basictradingtv
â‹…
love it Mrs. Gold!
WalterMoon
â‹…
Thanks for awesome XAUUSD explanation
ArmanShabanTrading
â‹…
Very clear and informative, well done!
CryptoCheck-
â‹…
Great gold update thanks
FirstNameHelen
â‹…
Nice one dear , thanks for sharing !
LegionQ8
â‹…
great buddy, I think you are right
everwelwisher
â‹…
@Gold-Tech at my point of view, after news yesterday on wednesday , it created Fair Value Gap at 1908 to 1917 around, and market should come down as retracement to fill this FVG. and then it can move to further buy till 1930.