XAUUSD at an interesting point of support on the Daily chart
XAUUSD is at an interesting level of support on the Daily chart,
we can see that gold was previously in a uptrend whereafter
price moved lower after testing major resistance and made a
lower low
We can say that gold is no longer in a uptrend on the daily chart
and expect gold to be trading in a range between it's previous
Daily swing levels untill a new direction is confirmed
On the Weekly chart we can see that gold was previously
trending up and stopped making higher highs and went
into consolidation whereafter price broke lower and made
a new low
We haven't confirmed a downtrend yet and can expect
gold to be trading in a range between it's previous
Weekly swing levels
we can see that gold was previously in a uptrend whereafter
price moved lower after testing major resistance and made a
lower low
We can say that gold is no longer in a uptrend on the daily chart
and expect gold to be trading in a range between it's previous
Daily swing levels untill a new direction is confirmed
On the Weekly chart we can see that gold was previously
trending up and stopped making higher highs and went
into consolidation whereafter price broke lower and made
a new low
We haven't confirmed a downtrend yet and can expect
gold to be trading in a range between it's previous
Weekly swing levels
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