XAUUSD Long it
Greetings dear traders this is my new analysis on XAUUSD and it is long.
On the chart we can see previous movements and of course on the indicator it is preparing itself for a uptrend.
Since August we can see that the price was in a downtrend position of movement.
We can see that the Horizontal Support is holding that downfall line .
The price has really begun to rise and It continues to expect gold to break through the nearest horizontal resistance line at 1854.47 and it will rise to the horizontal resistance level 1 of 1963.21.
Traders make your own analysis before trading.
Please leave a Like Comment and Follow!
Thank you!
On the chart we can see previous movements and of course on the indicator it is preparing itself for a uptrend.
Since August we can see that the price was in a downtrend position of movement.
We can see that the Horizontal Support is holding that downfall line .
The price has really begun to rise and It continues to expect gold to break through the nearest horizontal resistance line at 1854.47 and it will rise to the horizontal resistance level 1 of 1963.21.
Traders make your own analysis before trading.
Please leave a Like Comment and Follow!
Thank you!
Note
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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.