As you can see, XAUUSD has touched the resistance of dynamic channel and corrected about 5% before breaks out the channel and growth to the 2050$.
So, I think the downside trend will be started soon will give the prospect of developing a decline to the level 1830. Then XAUUSD will goes up for getting 2050$ for the third times since 2020.
plz leave a comment if...
BTC is going to get her strong support area. Then, we will meet to options as you see.
support area: 41100-43100
resistance levels: 51300, 59000, 65000
As I forecasted in previous analysis, Gold declined to its support area 1760 before hitting its new strong resistance 1790 for the second time.
Now there are two options, the consolidation of the price below the lvl 1790 will let the pair go down to it's strong support 1750~1760 and 1720~1730 but the long position will become relevant above the lvl 1795 with the...
If you remember my previous analysis, I said that the the long position will become relevant above the lvl 1760
now, it's time to close the BUY orders and open SELL order
The consolidation of the price below the lvl 1780 will let the pair go down to it's first support area around 1750~1760
The consolidation of the price below the lvl 1750 will let the pair go down...
It seems that a DB pattern has been drawn by Gold; Don't open any position unless under 1718 or above 1760, the long position will become relevant above the lvl 1760 with the first target 1815.
The breakdown and the consolidation of the price below the lvl 1717 will let the pair go down to it's strong support 1677.
I will be satisfied if u leave ur comments and ideas.
