As I said in my last week's analysis, in my opinion, Gold topped, and with the recent break under the rising wedge's support, we also have confirmation for this.
Friday, XauUsd came to test this break, and at the time of writing the price is exactly in the old's support zone.
Considering the recent bull's incapacity to hold the price above 1800 I expect a drop to at least the first support at 1760.
A daily close above 1810 would negate this bearish scenario.
Friday, XauUsd came to test this break, and at the time of writing the price is exactly in the old's support zone.
Considering the recent bull's incapacity to hold the price above 1800 I expect a drop to at least the first support at 1760.
A daily close above 1810 would negate this bearish scenario.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
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.