Hi there,
this is my very first technical analysis I made on my own. Any ideas, critizism, help etc. are more than welcome!
Currently, we are on the upper boundary of a bearish parallel channel that coincidentally crosses former support area turned resistance at 0.276, probably resulting in a very strong bounce off of the double resistance. Arrows indicate lower...
Hello fellow traders, today I want to show you my analysis of XAU/USD .
Currently we can see a disorted W-formation that broke through the resistance area around 1955 which has been tested around 5 times since Aug 20th. Because of this and the fact price also broke through the existing bearish trend line , this can be considered a key level for further gold price...
