Technicals:
D1 downside breakout of sideways movement and retracement
H4 bearish gartley, downside breakout of uptrend and retracement
Price at resistance level
Not a fundamentally backed trade as XAU may be bullish due to market uncertainty.
Nonetheless, an interesting technical analysis which we can watch to see if it plays out.
I will be staying out of this trade.
D1 downside breakout of sideways movement and retracement
H4 bearish gartley, downside breakout of uptrend and retracement
Price at resistance level
Not a fundamentally backed trade as XAU may be bullish due to market uncertainty.
Nonetheless, an interesting technical analysis which we can watch to see if it plays out.
I will be staying out of this trade.
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.
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.