XAUUSD
XAUUSD is testing resistance of a key descending channel.
Bears continue to resist based on important fundamental aspects of Fears of further geopolitical escalation between Russia and Ukraine are likely to subside a bit.
the Fed speech will help determine the U.S. central bank's future path on interest rates. Attention is focused on the December rate meeting.
Technically,
the gold confirms the downtrend channel, in B of ABC in 2747
and going to C in elliott wave 2538
then go to 5
Consolidation of the price below this zone may provoke further decline Resistance levels: 2717, 2747
Support levels: 2557, 2538 Another resistance retest is possible.
hare your opinion and questions,
let's discuss what's going on with ★ FX:XAUUSD
Regards S. Saeedg!
XAUUSD is testing resistance of a key descending channel.
Bears continue to resist based on important fundamental aspects of Fears of further geopolitical escalation between Russia and Ukraine are likely to subside a bit.
the Fed speech will help determine the U.S. central bank's future path on interest rates. Attention is focused on the December rate meeting.
Technically,
the gold confirms the downtrend channel, in B of ABC in 2747
and going to C in elliott wave 2538
then go to 5
Consolidation of the price below this zone may provoke further decline Resistance levels: 2717, 2747
Support levels: 2557, 2538 Another resistance retest is possible.
hare your opinion and questions,
let's discuss what's going on with ★ FX:XAUUSD
Regards S. Saeedg!
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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.