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Gold Spot / U.S. Dollar
Long
Updated

The price is climbing toward the top of the channel.

114
XAUUSD
We are currently in a wide descending channel on the 1-hour timeframe, and a potential move upward toward the top of the channel is expected.

Note: Our previous analysis on gold (XAUUSD) remains valid and intact.

Trade closed: target reached
snapshot
After a short consolidation around the bottom of the channel, gold made a strong move and reached our target. The analysis played out as expected. ✅
shakori_erfan
Also on:
Economic CyclesForexpriceactionpriceactionanalysissignalSupply and DemandTrend Analysisxauuds

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.
Economic CyclesForexpriceactionpriceactionanalysissignalSupply and DemandTrend Analysisxauuds
shakori_erfan
Also on:

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.