#XAUUSD
According to the analysis we gave to XAUUSS earlier, the DOWNSIDE WAVE, GOLD went down very fast. Because of the POSITIVE SENTIMENT against the dollar, US10Y rose due to this. Then Ibem became a GOLD SELL. Some FED COMMENTS and NFP DATA were very helpful.
But last day all those LABOR DATA and INFLATION DATA INDICATORS were POSITIVE, so GOLD was...
hello traders i have update on gold when the week open we get more information i have this patter you can make entry early early at the zones using price action or at the break lets get it
The XAUUSD was trading in an uptrend
But then it broke the long-term ascending support level
He is now re-testing the broken trend and resistance at 1962 areas
Which makes me a bearish bias
I think that after the retest it will continue to decline in 1868 areas
According to Gold previous movements the gold has reached the new level and then semoltanously it came down to lower level as the previous lower level was 1620 and this time it will bull up and will break the resistance level at 1800, also 1786 which will later become support and later 1800 as well.
so the question where will the price bounce? there is 2 level support and which one is the strongest support that can bounce the price...
Is there a chance of a weekly breakout?
Hello Traders,
Once again I'm bringing you XAUUSD, it has been correcting for some days already and we can be close to a possible breakout to the downside.
However, for us to make an entry for a short position we would like an impulsive candle breaking our corrective channel, if we don't get that and instead what we get is a massive retracement candle, we could...
Gold broke downtrend channel, now looking for either a continuation onto 1225, or a break of current uptrend channel for a 61.8 retest of previous broken strucutre.
