Gold Spot / U.S. DollarUpdated XAU/USD OUTLOOK FOR THE WEEK
IF YOU FOUND THIS ANALYSIS USEFUL YOU CAN SUPPORT BY LEAVING A 'LIKE'
GOLD ANALYSIS
6/7/20
I have linked my last analysis regarding this pair below
please check it out!
We have come to an interesting area to watch.
Price has started a new trend and it is heading down however,
price has 1 support level to take out to be free
we have tested this support level only once, after this new trend down.
We are looking for intra-day to the upside to meet the trend line which will act as ress
This is the are to watch!
We can see 2 possible situations unfold based if this resistance can hold
IF we fail to hold and break ress, we can make a new higher high
if we fail to break ress, we can see a higher low
GOLD ANALYSIS
6/7/20
I have linked my last analysis regarding this pair below
please check it out!
We have come to an interesting area to watch.
Price has started a new trend and it is heading down however,
price has 1 support level to take out to be free
we have tested this support level only once, after this new trend down.
We are looking for intra-day to the upside to meet the trend line which will act as ress
This is the are to watch!
We can see 2 possible situations unfold based if this resistance can hold
IF we fail to hold and break ress, we can make a new higher high
if we fail to break ress, we can see a higher low
Note
Note
FINAL DIRECTION NEW IDEA HERE
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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.