XAUUSD is on Rising wedge channel ,last Friday On NFP rejected back immediately which have strong signs that market is on 2720 mark,however we're expecting that market will close above the trend line,however we also discussed in detailed weekly video analysis that market must have to respect the 2660 support area.
What possible scenario do we have?
Market is still on 2660 support area which is still far to proper the trend line 2650 pivot point.
XAUUSD still in Rising channel if market respect the 2650 support area where we can trade with minimal risk towards 2680 again then 2720.
Lastly, below 2650 our eyes will be 2625.
What possible scenario do we have?
Market is still on 2660 support area which is still far to proper the trend line 2650 pivot point.
XAUUSD still in Rising channel if market respect the 2650 support area where we can trade with minimal risk towards 2680 again then 2720.
Lastly, below 2650 our eyes will be 2625.
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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.