XAUUSD (GOLD) 4H Chart
As we said before this green trendline broke and now is local resistance for price:
Technical:
It faces strong support at $1800, violation below targets 1770.Significant trend continuation only below $1675. The yellow metal facing strong resistance $1820, any violation above will take to the next level $1835/$1860/$1900 is possible.
It is good to buy on dips around $1800 with SL around $1790 for TP of $1835.
DISCLAIMER: ((trade based on your own decision ))
Technical:
It faces strong support at $1800, violation below targets 1770.Significant trend continuation only below $1675. The yellow metal facing strong resistance $1820, any violation above will take to the next level $1835/$1860/$1900 is possible.
It is good to buy on dips around $1800 with SL around $1790 for TP of $1835.
DISCLAIMER: ((trade based on your own decision ))
Disclaimer
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