According to what I have described in the last analysis, I'm going to how you exactly what I expect the price to behave.
As you can see, a parallel channel can help us see what may happen. As XAUUSD may reach the top of the channel, I expect a retrace to the mid-line of the channel. another attempt (maybe even on the third attempt) to break the top of the channel makes me count on the prediction of 1830-35 area as a target.
I look for you guys to give your opinions.
As you can see, a parallel channel can help us see what may happen. As XAUUSD may reach the top of the channel, I expect a retrace to the mid-line of the channel. another attempt (maybe even on the third attempt) to break the top of the channel makes me count on the prediction of 1830-35 area as a target.
I look for you guys to give your opinions.
Note
Falling and breaking 1750 level will question this analysis.
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Related publications
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.