XAUUSD in New ascending channel and more rise is expected
Updated
AS we can see some important support zone formed on chart for gold and we can see continuation to upside from this area and are :
A. green trendline support that is around 1755 and price receive first support on this area that is channel lower-side too .
B. green line that is previous resistance that we expected to break and now after breakout this area is strong support zone .
breakout :
and some important thing that should considered too:
1.market can start rise again sooner and before receiving support zone that mentioned
2.if and if last support on 1740 break too then we have different scenario like red path and Bearish market
DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.
<<Traders comment below and let me know your opinion about this analysis even simple ((agree)),((not sure))>>
<<press like👍 if you enjoy💚>>
A. green trendline support that is around 1755 and price receive first support on this area that is channel lower-side too .
B. green line that is previous resistance that we expected to break and now after breakout this area is strong support zone .
breakout :
and some important thing that should considered too:
1.market can start rise again sooner and before receiving support zone that mentioned
2.if and if last support on 1740 break too then we have different scenario like red path and Bearish market
DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.
<<Traders comment below and let me know your opinion about this analysis even simple ((agree)),((not sure))>>
<<press like👍 if you enjoy💚>>
Note
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t.me/mmbtchannel
VIP Channels:
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check pinned message in telegram for more information.
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