As elliot triangle theory, XAUUSD is getting to the resistance zone and finish the 5th wave. It is highly possible that resistance will be broken and act as a support. I think resistance can not hold, soon bullish trend will begin.
Wait for the resistance to break, then enter for long.
Might take some retracement before breaking the resistance
Wait for the resistance to break, then enter for long.
Might take some retracement before breaking the resistance
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.
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.