XAUUSD
Updated
last week, the gold experienced a rejection at 1557, forming a double top and then heading down towards 1500 level.1502 was the lowest price hit in last Friday and then back tested resistance 1526 - 10EMA in H1/H4/daily chart.
today, this yellow metal seems weak, and had a lower low than last week- 1497.7
But as we see in daily, if price stopped heading down from today's low, then we may see expect a spike up tomorrow, 1512 on the way. if price broke down though 1497, then 1480 would be the next stop.
today, this yellow metal seems weak, and had a lower low than last week- 1497.7
But as we see in daily, if price stopped heading down from today's low, then we may see expect a spike up tomorrow, 1512 on the way. if price broke down though 1497, then 1480 would be the next stop.
Note
support zone 1493 - 1497
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