4H timeframe would give us more insight
Updated
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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