As wee can see in this 1H XAU/USD chart, we may see the same pattern repeating.
Bullish point of view:
1. Gold is in high demand
2. Bulls aiming for all time high from here
3. Dollar weakness helping
Bearish point of view:
1. Repeating pattern seen in chart
2. Resistance at 1800 reached
3. Bearish divergence on bigger timeframes
Bullish point of view:
1. Gold is in high demand
2. Bulls aiming for all time high from here
3. Dollar weakness helping
Bearish point of view:
1. Repeating pattern seen in chart
2. Resistance at 1800 reached
3. Bearish divergence on bigger timeframes
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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.