XAUUSD WEEKLY, 1835 DONE, WHAT NEXT: BACK TO 1877 OR DOWN 1785?
AS EXPECTED, XAUUSD Broke & Held Below 1877, HIT 1835 (MA 50 & 100 W).
What next ?
With new Low Of The Week at 1832, anyway 1835 still a strong support as a confidence level for any short term buying.
SO any pull back to 1877 is still possibility in the short term.
Anyway, XAUUSD is still in the down trend. And any pull back could give us the price for any SHORT.
The possibility, is still waiting for retest 1835.
Break below 1832, the bearish pressure continue to target 1785.
Again, as I said in the previous idea:
"Break & Hold Below 1877, Cancel Bullish Medium Term Outlook. Turned to Neutral. Potentially Testing 1835 (MA 50 & 100 W) & 1785."
As a reference, You can also see my XAUUSD H1 bearish outlook
ABOVE 1660, BUY ON WEAKNESS.
Break & Hold Above 1998, Bullish Medium Term Outlook Resume.
Break & Hold Below 1660, Bearish Medium Term Outlook. But,
LONG TERM OUTLOOK STILL BULLISH !
What next ?
With new Low Of The Week at 1832, anyway 1835 still a strong support as a confidence level for any short term buying.
SO any pull back to 1877 is still possibility in the short term.
Anyway, XAUUSD is still in the down trend. And any pull back could give us the price for any SHORT.
The possibility, is still waiting for retest 1835.
Break below 1832, the bearish pressure continue to target 1785.
Again, as I said in the previous idea:
"Break & Hold Below 1877, Cancel Bullish Medium Term Outlook. Turned to Neutral. Potentially Testing 1835 (MA 50 & 100 W) & 1785."
As a reference, You can also see my XAUUSD H1 bearish outlook
ABOVE 1660, BUY ON WEAKNESS.
Break & Hold Above 1998, Bullish Medium Term Outlook Resume.
Break & Hold Below 1660, Bearish Medium Term Outlook. But,
LONG TERM OUTLOOK STILL BULLISH !
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.