salvanost

monitoring 1997 support

salvanost Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
I will add more analysis in the update later
but the key daily must not candle close above 2036

and weekly can still drop lower than 1970
Comment:
1. monthly can drop under 1970 because green ma retest
and possible 1985 if bearish on monthly
Comment:
2. weekly bearish trend valid
it will target 1978
Comment:
it's daily the focus on bearish target since it very possible drop to 1948 in long term
Comment:
but there alot support on daily
2009, 1987, 1956
Comment:
4h bullish divergence must make lower low to invalidate
Comment:
Bullish divergence invalid
Now can focus under 2000 for next week
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.