XAU/USD Gold Analysis
Gold had a Double Distribution Trend Day this Monday, breaking different pivot levels and moving up towards the 1870 area. Price is currently moving in the Bullish Ascending Channel.
The expectation is that the Bulls will try to push price to get to the 1880 Weak Resistance Area. From here, Buyers will try to launch an attempt to take back the 1900 level from the Sellers again.
There is no real confluence yet, from what I can see on my charts, so I don't have any labelled areas. Just observing the price action and lets see what plays out.
Fundamentals + Supply and Demand will be the best way to go!!
The expectation is that the Bulls will try to push price to get to the 1880 Weak Resistance Area. From here, Buyers will try to launch an attempt to take back the 1900 level from the Sellers again.
There is no real confluence yet, from what I can see on my charts, so I don't have any labelled areas. Just observing the price action and lets see what plays out.
Fundamentals + Supply and Demand will be the best way to go!!
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