XAUUSD (Gold) Analysis 24/1/2021
On the daily time frame, it has been in a downward channel (red)
On the 4 hour time frame, recent price action shows a bullish flag, which is a downward continuation pattern. I believe that price will go to the lows of the channel (1700) before moving it's way up to the top of the outer channel and go above.
Ideas/opinions would be very much appreciated as I am new to this so any feedback will be taken into consideration!
On the 4 hour time frame, recent price action shows a bullish flag, which is a downward continuation pattern. I believe that price will go to the lows of the channel (1700) before moving it's way up to the top of the outer channel and go above.
Ideas/opinions would be very much appreciated as I am new to this so any feedback will be taken into consideration!
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.