XAU USD week 07 08 2023
XAU USD Week 07 08 2023
Analyzing the weekly timeframe chart, we observe the price reacting to the medium Bollinger band with at least 3 pin bars displaying long tails, indicating potential support for a downtrend this week. However, on the daily timeframe, we expect a short downtrend for 1 to 2 candles on Monday and Tuesday, followed by an upward movement towards the upper channel.
Our focus is on looking for a buy signal this week.
Analyzing the weekly timeframe chart, we observe the price reacting to the medium Bollinger band with at least 3 pin bars displaying long tails, indicating potential support for a downtrend this week. However, on the daily timeframe, we expect a short downtrend for 1 to 2 candles on Monday and Tuesday, followed by an upward movement towards the upper channel.
Our focus is on looking for a buy signal this week.
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