XAUUSD XAUUSD - Gold analytical series, Episode 21
- Hello Traders, please check out my previous ideas.
- If the price stabilizes above the indicated channel, the short scenario won't be fulfilled.
- targets are on the chart.
- optimum stop-loss is above the 1971-1975 level.
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Note
Now dealing with the dynamic resistance level, the right shoulder of the pattern is being completed and if the price finds further support at the current levels, an uptrend is in store for gold. Otherwise, the correction is expected to continue up to the indicated levels.📈⚡
Note
As I mentioned, the price was supported at the 1970 levels. Now the price is trying to break the last dynamic resistance. If the upward trend continues and the price stabilizes above the red zone, it is possible to start another upward trend up to $1,990.
If the price falls below the red zone, gold may fall to the bottom of the channel and then to the indicated zone.✌
Note
Today was a risky day for trading⚡, the price of gold behaved volatile despite trying to stay above the red triangle and faced selling pressure.📉
According to the bearish scenario, after the price breaks below the red zone, the pressure can continue to the lower levels up to the yellow zone.📉
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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.
🚀Free Exclusive positions and Crypto tracking💎:
📲 Telegram: t.me/CrazyS_Tradingview_Analysis
Share the analysis & Spread the wealth✨
🖊Got Feedback? We're all ears!📚
🍀Ride this journey with us🥂
📲 Telegram: t.me/CrazyS_Tradingview_Analysis
Share the analysis & Spread the wealth✨
🖊Got Feedback? We're all ears!📚
🍀Ride this journey with us🥂
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.