XAUUSD: Uptrend broken. 1235 ahead.
The 4H Channel Up broke sideways (ADX = 22.055, Highs/Lows = 0.0000, Ultimate Oscillator = 50.608) and if it keeps the current Lower High sequence (1,250/ 1,249.25) a Channel Down will emerge. Technically expect at least the 0.382 Fibonacci level to be tested at 1,235.40 with 0.618 = 1,226.10 the extension.
The 1D Channel Up has its technically Higher Low projection at 1,216 but with Gold finally achieving harmonization with the Dollar (see chart below), expect the trend to reverse below 1,200 on the medium term, assuming that the stock markets won't decline further.
** If you like our free content follow our profile (tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
The 1D Channel Up has its technically Higher Low projection at 1,216 but with Gold finally achieving harmonization with the Dollar (see chart below), expect the trend to reverse below 1,200 on the medium term, assuming that the stock markets won't decline further.
** If you like our free content follow our profile (tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
Telegram: t.me/investingscope
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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.