👑 Ideas For XAUUSD / GOLD
📈 GOLD → The price may continue to rise, but only after...
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#XAUUSD continues to consolidate inside the 1984-1964 range. The correction and consolidation will end when one or another range boundary is broken, but my opinion is that resistance may be broken ;)
📈 GOLD → The price may continue to rise, but only after...
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#XAUUSD continues to consolidate inside the 1984-1964 range. The correction and consolidation will end when one or another range boundary is broken, but my opinion is that resistance may be broken ;)
On the senior timeframe, we can see that the price is bumping into a strong resistance. If we abstract from all the fundamental horrors and analyze only technical analysis, then in this case the price from resistance could head towards the global range support - approximate area 1920-1900. But, since we have a geopolitical crisis related to the wars in the Middle East and Eastern Europe, it is likely that gold, when retesting one of the important supports, and I have indicated them on the main chart, could again head upwards, testing the range resistance for a breakout.
At the moment, gold has an increased interest, as everyone considers it a safe asset in unstable times and money from the whole market is smoothly flowing into the metal.
On H1 I pointed out the local correction and important support levels: 1964, 1953. The price may test them by a false breakout before further growth
Resistance levels: 1977.5, 1984, channel resistance
Support levels: 1964, 1953
I expect the continuation of consolidation with the subsequent retest of resistance, breakout of the line and growth to 2000
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#XAUUSD 👑
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At the moment, gold has an increased interest, as everyone considers it a safe asset in unstable times and money from the whole market is smoothly flowing into the metal.
On H1 I pointed out the local correction and important support levels: 1964, 1953. The price may test them by a false breakout before further growth
Resistance levels: 1977.5, 1984, channel resistance
Support levels: 1964, 1953
I expect the continuation of consolidation with the subsequent retest of resistance, breakout of the line and growth to 2000
➖ ➖ ➖ ➖ ➖
#XAUUSD 👑
〰️〰️〰️
🟡 How do I join the VIP🔅
⚡ Join the VIP channel 🟢
🗣 Top FOREX Broker 🌟
〰️〰️〰️
💬 My Contact - Ask Linda✅️
💻 Web - RLinda.com ✅