Xau/USd 4H analysis
- Gold upcoming week with ultra volatile event awaiting Powell's Jackson Hole speech we can expect some bounce towards 7DMA and 14DMA Resistance points (check daily chart)
- Falling wedge intact with 50SMA being very strong resistance point.
Sell on rise advised as Powell's speech could also trigger strong downside since US inflation has been positive for the economy and negative for safe haven instrument - We will watch 1851 levels next Support test and 1912 immediate Resistance
Sunnylife
Sunnylife
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