XAU/USD - Thoughts on gold.
Updated
If you want to trade, enter LONG after testing resistance/support again.
General priority up. The first target is $1775.
The figure looks at the return to the upper limit of the global uplift channel and the junction in the range 1790 - 1825.
However, even if it goes down from the current one, it is "safe" to test the bottoms again up to the 1700 mark. Fixing under this mark will mean cancellation of a pattern, but not cancellation of growth, as in this case simply to continue sideways.
Before to trade my ideas make your own analysis.
Push ❤️ if you think this is a useful idea!
Thanks for your support!
General priority up. The first target is $1775.
The figure looks at the return to the upper limit of the global uplift channel and the junction in the range 1790 - 1825.
However, even if it goes down from the current one, it is "safe" to test the bottoms again up to the 1700 mark. Fixing under this mark will mean cancellation of a pattern, but not cancellation of growth, as in this case simply to continue sideways.
Before to trade my ideas make your own analysis.
Push ❤️ if you think this is a useful idea!
Thanks for your support!
Note
the first target is coming up. tradingview.com/x/bAJTBOKr/.
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