XAUUSD GOLD WILL GO SHORT IN PARALLEL CHANNEL NOW.
Hello, Followers. I will provide the technical setup of XAUUSD, so please share your thoughts in the comments section about my research.
XAUUSD will move in a short period of time since it is closely following the parallel channel, and it has already met resistance and begun to fall. According to me, XAUUSD will go to the first objective around 2804, and if broken, it will reach 2786 because this is the 0.618 level of FIB RETRACEMENT. Otherwise, I've provided a pivot region for the XAUUSD reversal.
KEY POINTS:
The current price is 2817, and the resistance area is 2820.200/2827.200. The pivot area is 2830.
TARGETS:
First target: 2804 Second target: 2786
XAUUSD will move in a short period of time since it is closely following the parallel channel, and it has already met resistance and begun to fall. According to me, XAUUSD will go to the first objective around 2804, and if broken, it will reach 2786 because this is the 0.618 level of FIB RETRACEMENT. Otherwise, I've provided a pivot region for the XAUUSD reversal.
KEY POINTS:
The current price is 2817, and the resistance area is 2820.200/2827.200. The pivot area is 2830.
TARGETS:
First target: 2804 Second target: 2786
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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.