XAUUSD is on correction
Market is still in rising channel since last month.
What possible scenario do we have?
For now we expect an retracement upto 2890-95 to complete the rising channel and respect the previous support.
if any H4Candle closes above 2930 resistance , we will have 2950a on mark.
On the other hand below 2890 oue eyes will be again at 2860.
market create the 2942 all time high which was quite 80 pips below from our optimal target of 2950.
What possible scenario do we have?
For now we expect an retracement upto 2890-95 to complete the rising channel and respect the previous support.
if any H4Candle closes above 2930 resistance , we will have 2950a on mark.
On the other hand below 2890 oue eyes will be again at 2860.
market create the 2942 all time high which was quite 80 pips below from our optimal target of 2950.
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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.