XAUUSD -Hourly Analysis
Updated
XAUUSD is at a Major Resistance Area , Price Seems to always reversal going in a bearish within that area however the market has disrespected the trendline by price breaking out of it , it could possibly go in a bullish direction towards the Resistance Zone! if so , price would retest back on the trend line and head up!
I wouldn't place a trade on XAUUSD at this moment as there isn't any clear confirmation as where price is heading
I wouldn't place a trade on XAUUSD at this moment as there isn't any clear confirmation as where price is heading
Note
There was a False breakout for XAUUSD , Price did not continue towards the 1340.80 Resistance Zone!
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.