Price on XAUUSD looks quite interesting right now, this recent has brought a new look to it, as it's forming a more optimistic pattern.
The most recent interaction here is particularly interesting, because it's already showing early signs of recovering and decreased bearish momentum. What may follow: low-volume candles suggesting exhaustion and potential upwards.
My target would be toward 3360. If this move plays out, it will make a beautiful play of a narrative that’s we've been following for Gold.
This setup is so compelling. It’s a story being shown, but still requires patience and confirmation.
Though a scenario for more downside is possible as we have a clear support zone below. Still, I am taking the side for more upside because of the pattern forming here.
The most recent interaction here is particularly interesting, because it's already showing early signs of recovering and decreased bearish momentum. What may follow: low-volume candles suggesting exhaustion and potential upwards.
My target would be toward 3360. If this move plays out, it will make a beautiful play of a narrative that’s we've been following for Gold.
This setup is so compelling. It’s a story being shown, but still requires patience and confirmation.
Though a scenario for more downside is possible as we have a clear support zone below. Still, I am taking the side for more upside because of the pattern forming here.
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Free Telegram Signals: t.me/addlist/MLJjjTl2V-M1OTc8
👉 I recommend this Broker - Get 20% Deposit BONUS - bit.ly/trenddiva
👉 My favorite broker - go.tradenation.com/visit/?bta=37381&brand=tradenation
👉 I recommend this Broker - Get 20% Deposit BONUS - bit.ly/trenddiva
👉 My favorite broker - go.tradenation.com/visit/?bta=37381&brand=tradenation
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.