Looking back:
I mentioned about XAUUSD almost approaching long-term trend line since June 2006 in my post few weeks ago (20th July 2018)
Weekly Chart:
Bullish candle considers as confirmation for reaction with the long-term trend line since June 2006
Daily Chart:
Friday closed nicely with a bullish candle and broke the short-term trend line since 14th June 2018
Watch out:
1. First resistance @ 1210
2. Mid-term down trend line since April 2018 still intact.
3. Resistance @ 1238
4. The previous long-term up-trend line since Dec 2015 act as a resistance
Action:
Buy orders waiting to be filled around zone 1190-1200
I mentioned about XAUUSD almost approaching long-term trend line since June 2006 in my post few weeks ago (20th July 2018)
Weekly Chart:
Bullish candle considers as confirmation for reaction with the long-term trend line since June 2006
Daily Chart:
Friday closed nicely with a bullish candle and broke the short-term trend line since 14th June 2018
Watch out:
1. First resistance @ 1210
2. Mid-term down trend line since April 2018 still intact.
3. Resistance @ 1238
4. The previous long-term up-trend line since Dec 2015 act as a resistance
Action:
Buy orders waiting to be filled around zone 1190-1200
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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.
Related publications
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.