XAUUSD
XAUUSD Timeframe 15M:
The analysis suggests the market is currently pulling back in an overall downtrend.
A blue horizontal area marks a resistance zone just below the trendline. This suggests that this level has previously acted as a barrier to upward price movement. I expect the price to test this resistance level before potentially moving lower, continuing the bearish trend. this zone might act as a selling point where I anticipate a continuation of the downtrend.
#GoldTrading #XAUUSD #ForexAnalysis #TechnicalAnalysis #CandlestickChart #GoldSpot #MarketTrends #ForexTrading #Investing #TradingStrategy #PriceAction #SupportAndResistance #Bullish #Bearish #SmartInvesting
The analysis suggests the market is currently pulling back in an overall downtrend.
A blue horizontal area marks a resistance zone just below the trendline. This suggests that this level has previously acted as a barrier to upward price movement. I expect the price to test this resistance level before potentially moving lower, continuing the bearish trend. this zone might act as a selling point where I anticipate a continuation of the downtrend.
#GoldTrading #XAUUSD #ForexAnalysis #TechnicalAnalysis #CandlestickChart #GoldSpot #MarketTrends #ForexTrading #Investing #TradingStrategy #PriceAction #SupportAndResistance #Bullish #Bearish #SmartInvesting
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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.