XAU/USD 16-Jun-2024
Updated
The price is around the monthly resistance line
And by crossing the weekly support line, there is a range around it
On the other hand, it is located in the 4H descending channel
Inside the 4H channel, a wedge pattern is formed
According to charts and patterns, as well as some indicators;
I expect the price to drop at the beginning of the week
And then, as I showed in the chart, I give two possibilities
But even with the price rise and hitting the ceiling of the channel,
I expect the price to drop by 2231
But if the roof of the channel is broken, my goal will be rejected
* Be profitable
Thank you for expressing your opinion with likes and comments
And by crossing the weekly support line, there is a range around it
On the other hand, it is located in the 4H descending channel
Inside the 4H channel, a wedge pattern is formed
According to charts and patterns, as well as some indicators;
I expect the price to drop at the beginning of the week
And then, as I showed in the chart, I give two possibilities
But even with the price rise and hitting the ceiling of the channel,
I expect the price to drop by 2231
But if the roof of the channel is broken, my goal will be rejected
* Be profitable
Thank you for expressing your opinion with likes and comments
Trade active
Trade active
Trade closed: target reached
The target was touched in the blue projectionI expect the price to drop to 2300
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.