Price for XAUUSD closed on Friday 20th June failing to create new Lower Low and eventually closed slightly above the previous pivot low with momentum to the upside with buyers creating a large closing upside movement through an existing descending resistance on the 1 hour time frame.
After a previous week of uncertainty and sideways movement in consolidation we finally got a long awaited short term break out to the downside.
A choppy week in the markets to say the least.
All eyes on price, we now await the aftermath of global conflicts in the middle east to see if the events have an impact on the price of gold, OBSERVING any clear breaks and indications breaking the previous pivot high which would signalise potential bullish movements in the market.
Indications followed by corrections would give opportunity of a possible continuation entry with some expectations leaning towards the 3600 coordinate.
any relative feedbacks or opinions welcome.
onamissioin_xau
After a previous week of uncertainty and sideways movement in consolidation we finally got a long awaited short term break out to the downside.
A choppy week in the markets to say the least.
All eyes on price, we now await the aftermath of global conflicts in the middle east to see if the events have an impact on the price of gold, OBSERVING any clear breaks and indications breaking the previous pivot high which would signalise potential bullish movements in the market.
Indications followed by corrections would give opportunity of a possible continuation entry with some expectations leaning towards the 3600 coordinate.
any relative feedbacks or opinions welcome.
onamissioin_xau
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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.