GOLD XAUUSD
gold is one of the most important market drivers, and since the dollar is recovering, gold will fluctuate a lot in the coming period.
In the graph before you, it is clear that gold reached a support area on the smaller time frame, which makes it ready to rebound to the areas of 17879 to 1783, bearing in mind that this rebound is just compensation for saturation selling. This means that it has broken the ascending channel downward, and it is more vulnerable to the downside, but this is an opportunity for speculators to enter and exit quickly. If gold falls in tomorrow's session from 1736, it will be in a downside direction to the mentioned strong support areas.
In the graph before you, it is clear that gold reached a support area on the smaller time frame, which makes it ready to rebound to the areas of 17879 to 1783, bearing in mind that this rebound is just compensation for saturation selling. This means that it has broken the ascending channel downward, and it is more vulnerable to the downside, but this is an opportunity for speculators to enter and exit quickly. If gold falls in tomorrow's session from 1736, it will be in a downside direction to the mentioned strong support areas.
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