XAUUSD REBOUNDED FROM CURRENT TRENDLINE. WHAT'S NEXT?
Gold had successfully rebounded from the trendline, still showing mid-term bullish trend despite recent news on U.S. - E.U. and U.S. - Japan trade deals. Currently price is attempting to hold above the EMA20 on 1-h chart timeframe.
If this occurs and the asset develops another short-term bullish impulse, we may expect the price to reach 3,360.00 resistance level with further possible impulse towards 3,400.00 level.
Gold had successfully rebounded from the trendline, still showing mid-term bullish trend despite recent news on U.S. - E.U. and U.S. - Japan trade deals. Currently price is attempting to hold above the EMA20 on 1-h chart timeframe.
If this occurs and the asset develops another short-term bullish impulse, we may expect the price to reach 3,360.00 resistance level with further possible impulse towards 3,400.00 level.
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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.
Join me, I'll guide you to PROFITABLE TRADING💵!
Telegram Channel: t.me/forextradersliveofficial
Telegram Channel: t.me/forextradersliveofficial
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.