✅ Two scenarios for XAU/USD ✅
There are two ideas for gold.
Since the fundamental news of the dollar gives the possibility of a decline in the value of the dollar, there is a possibility of an upward scenario. But because the 12-hour trend line is broken, there is a possibility of a bearish scenario.
Two scenarios:
✅ Scenario 1: The trend line is broken, the pullback market does and then continues its downward trend to reach the price of 1760 to 1750.
✅ Scenario 2: The price hits the bottom of the channel and reacts upwards and moves towards the 1820 and 1830 prices.
Since the fundamental news of the dollar gives the possibility of a decline in the value of the dollar, there is a possibility of an upward scenario. But because the 12-hour trend line is broken, there is a possibility of a bearish scenario.
Two scenarios:
✅ Scenario 1: The trend line is broken, the pullback market does and then continues its downward trend to reach the price of 1760 to 1750.
✅ Scenario 2: The price hits the bottom of the channel and reacts upwards and moves towards the 1820 and 1830 prices.
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.