XAUUSD. MINOR UPWARDS CONSOLIDATION BEFORE THE NEXT MOVE.
XAUUSD rebounded from local support level of 3,300.00 and attempted to develop some bullish momentum here yesterday. However, the price went into consolidation, showing us the weakness of this short-term bullish rebound. RSI shows the bearish divergence, the price is ready to drop. Of course, fundamentals of last couple of days don't favor this asset either. The decline towards support level of 3,300.00 is expected.
XAUUSD rebounded from local support level of 3,300.00 and attempted to develop some bullish momentum here yesterday. However, the price went into consolidation, showing us the weakness of this short-term bullish rebound. RSI shows the bearish divergence, the price is ready to drop. Of course, fundamentals of last couple of days don't favor this asset either. The decline towards support level of 3,300.00 is expected.
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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.