XAU/USD-Overall analysis
Hello everybody,I want to share this with you!
-On XAU/USD we can see that on Monday price reached ascending channel's resistance line and then price went bearish until Wednesday and then price went in bullish direction.
-We can see that price broke yellow support/resistance line and then we had one retest and price continued in bullish direction.
-On lower time frames we can see more retests and rejections so that means that support is solid.
-For further decisions I recommend to wait for more conformation on higher time frames and wait for some news about USD and XAU.
-WHAT DO YOU THINK ABOUT THIS SETUP? Please let me know in comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support,i will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.The information given is not a Financial Advise.
-On XAU/USD we can see that on Monday price reached ascending channel's resistance line and then price went bearish until Wednesday and then price went in bullish direction.
-We can see that price broke yellow support/resistance line and then we had one retest and price continued in bullish direction.
-On lower time frames we can see more retests and rejections so that means that support is solid.
-For further decisions I recommend to wait for more conformation on higher time frames and wait for some news about USD and XAU.
-WHAT DO YOU THINK ABOUT THIS SETUP? Please let me know in comment section!
THANKS FOR READING!
-If you have some different opinions please let me know and if you like this please hit that like button and give me support,i will appreciate every support.
-Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.The information given is not a Financial Advise.
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.