Here is our overall progressive view on XAUUSD. Potential short opportunity.
As of now, XAUUSD is struggling to break 2650. If we break above this level we could see higher highs and we will continue to the upside possibly to the ATH.
However,
If we break below 2635, we could see a downside move to 2624. If that level is broken we can continue down to 2604 which we struggled to break last few days. A clear break below 2604 would result in deep pullbacks down to 2590 and below.
KEY NOTES
- XAUUSD is struggling to break 2650.
- Break above 2650 would result in higher highs.
- Break below 2635 would confirm sells.
- Break below 2624 could result in revisiting 2604.
- Break below 2604 would result in a massive downside move.
- Break below PBA would result in deeper pullbacks.
Happy trading!
FxPocket
As of now, XAUUSD is struggling to break 2650. If we break above this level we could see higher highs and we will continue to the upside possibly to the ATH.
However,
If we break below 2635, we could see a downside move to 2624. If that level is broken we can continue down to 2604 which we struggled to break last few days. A clear break below 2604 would result in deep pullbacks down to 2590 and below.
KEY NOTES
- XAUUSD is struggling to break 2650.
- Break above 2650 would result in higher highs.
- Break below 2635 would confirm sells.
- Break below 2624 could result in revisiting 2604.
- Break below 2604 would result in a massive downside move.
- Break below PBA would result in deeper pullbacks.
Happy trading!
FxPocket
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.
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.