XAUUSD continues to rise amid uncertainty surrounding the dollar, which continues to consolidate. The currency pair is preparing to test resistance at 0.6537The dollar is stuck in place due to market uncertainty. At the same time, the Australian dollar is strengthening and is ready to test the liquidity zone
Within the current trend, the currency pair is heading towards resistance and the liquidity zone. We opened far away, and as we move towards the target, the potential for further growth may end. A false breakout of 0.6537 could trigger a correction
Resistance levels: 0.6537
Support levels: 0.6509, 0.6479
A sharp move towards resistance without the possibility of further growth could cause a false breakout of 0.6537. Price consolidation below this level could trigger a correction before growth.
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The price is consolidating in the range between the key resistance and support at 0.65. There is a possibility of a false breakout of the specified resistance, but only if the level is tested on large (long) candles and high volatility. A shallow false breakout and price consolidation below the level could trigger a correction.
Trade closed: target reached
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
Related publications
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.