my analysis and plan for xauusd
after soaring inflation against the usd, we know it's very good for gold.
then I predict gold prices will continue to rise along with bad news for usd.
here we can see that the price has touched resistance at 1857.
to continue the uptrend, the price should make a lower high before continuing to a higher high.
then I will see the market reaction in the support area that I have marked.
if there is a good pattern to continue the price increase in the support area that I have marked, then I will buy in that area.
good luck
then I predict gold prices will continue to rise along with bad news for usd.
here we can see that the price has touched resistance at 1857.
to continue the uptrend, the price should make a lower high before continuing to a higher high.
then I will see the market reaction in the support area that I have marked.
if there is a good pattern to continue the price increase in the support area that I have marked, then I will buy in that area.
good luck
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