XAU/USD Weekly analysis 25-Aug-2024
Updated
The price has been on the monthly resistance line for several months
And it goes up and down in this range
Although he managed to break the historical ceiling of the price of gold
But it seems that the purchases are saturated, and gold does not have enough strength to continue the upward trend
With technical review and also some indicators,
I think the price will play in this area for a while, and then we will see the price correction
The price of gold is definitely rising, but I think it does not have the strength to continue rising now
and needs rest to continue the upward path
*Be profitable
Thank you for expressing your opinion with likes and comments
And it goes up and down in this range
Although he managed to break the historical ceiling of the price of gold
But it seems that the purchases are saturated, and gold does not have enough strength to continue the upward trend
With technical review and also some indicators,
I think the price will play in this area for a while, and then we will see the price correction
The price of gold is definitely rising, but I think it does not have the strength to continue rising now
and needs rest to continue the upward path
*Be profitable
Thank you for expressing your opinion with likes and comments
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I expect another ceiling and the formation of a Triple Top patternNote
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