✅ Two scenarios for XAU/USD ✅
There are two ideas for gold.
Since the fundamental news of the dollar gives the possibility of a decline in the value of the dollar, there is a possibility of an upward scenario. But because the 12-hour trend line is broken, there is a possibility of a bearish scenario.
Two scenarios:
✅ Scenario 1: The trend line is broken, the pullback market does and then continues its downward trend to reach the price of 1760 to 1750.
✅ Scenario 2: The price hits the bottom of the channel and reacts upwards and moves towards the 1820 and 1830 prices.
Since the fundamental news of the dollar gives the possibility of a decline in the value of the dollar, there is a possibility of an upward scenario. But because the 12-hour trend line is broken, there is a possibility of a bearish scenario.
Two scenarios:
✅ Scenario 1: The trend line is broken, the pullback market does and then continues its downward trend to reach the price of 1760 to 1750.
✅ Scenario 2: The price hits the bottom of the channel and reacts upwards and moves towards the 1820 and 1830 prices.
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