XAUUSD moved within the ascending channel, which formed when the price touched the channel borders 6 times and has been valid since 23 April.
Current situation
The price is moving towards the lower border of the ascending channel.
Possible scenario
Analysts recommend opening a Sell order with a take profit near the lower channel border.
Current situation
The price is moving towards the lower border of the ascending channel.
Possible scenario
Analysts recommend opening a Sell order with a take profit near the lower channel border.
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.
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.