In this analysis we are focusing on 30M time frame for XAUUSD. In this analyze we are using parallel channel along with price action. Gold has been growing recently and the pair seems locally overbought, so as the pair is approach a parallel channel of 2680 - 2685. Price decline is to be expected. Let's delve deeper into these levels and potential outcomes.
Always use stoploss for your trade.
Always use proper money management and risk to reward ratio.
#GOLD M30 Technical Analyze Expected Move.
Always use stoploss for your trade.
Always use proper money management and risk to reward ratio.
#GOLD M30 Technical Analyze Expected Move.
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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.