GOLD BUY
A bearish signal for XAUUSD is confirmed by a test of the downward trendline on the RSI and a rebound from the lower boundary of the "Wedge" pattern. If XAUUSD fails to hold above 2965, a further decline is likely, targeting levels below 2825.
A temporary bullish correction may lead to a test of resistance near 2935, but the overall trend favors a decline. The bearish scenario will be invalidated if the price breaks 2995, signaling further growth toward 3045.
A temporary bullish correction may lead to a test of resistance near 2935, but the overall trend favors a decline. The bearish scenario will be invalidated if the price breaks 2995, signaling further growth toward 3045.
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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.