XAUUSD Weekly Analysis 30Jul23
Updated
Looking at the monthly chart, this month candle failed to break the previous month candle high with overall bearish momentum so we should only look for selling entries.
Looking at daily chart we have a bearish trend making lower highs with two potential entries for sell as marked.
We have a strong resistance at 1960 at 4hr & 1hr timeframe. If the market does not break the daily down trend we have a 1st potential take profit at 1940 and then 1900.
Looking at daily chart we have a bearish trend making lower highs with two potential entries for sell as marked.
We have a strong resistance at 1960 at 4hr & 1hr timeframe. If the market does not break the daily down trend we have a 1st potential take profit at 1940 and then 1900.
Trade closed: target reached
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