XAU/USD-Overall analysis
Hello everybody,I want to share this with you!
-On XAU/USD we can see that on Monday price reached ascending channel's resistance line and then price went bearish until Wednesday and then price went in bullish direction.
-We can see that price broke yellow support/resistance line and then we had one retest and price continued in bullish direction.
-On lower time frames we can see more retests and rejections so that means that support is solid.
-For further decisions I recommend to wait for more conformation on higher time frames and wait for some news about USD and XAU.
-WHAT DO YOU THINK ABOUT THIS SETUP? Please let me know in comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support,i will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.The information given is not a Financial Advise.
-On XAU/USD we can see that on Monday price reached ascending channel's resistance line and then price went bearish until Wednesday and then price went in bullish direction.
-We can see that price broke yellow support/resistance line and then we had one retest and price continued in bullish direction.
-On lower time frames we can see more retests and rejections so that means that support is solid.
-For further decisions I recommend to wait for more conformation on higher time frames and wait for some news about USD and XAU.
-WHAT DO YOU THINK ABOUT THIS SETUP? Please let me know in comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support,i will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.The information given is not a Financial Advise.
Pernyataan Penyangkalan
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.