xauusd ⇒ a downward compression
Updated
hello guys...
as you can see gold is on an ascending channel (we can ignore the hunting candle).
but in the short-term, it broke the trendline strongly so we can expect two forming low on the orange area!
therefore the second orange area seems a potential area for starting a new upward movement!
______________________
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
as you can see gold is on an ascending channel (we can ignore the hunting candle).
but in the short-term, it broke the trendline strongly so we can expect two forming low on the orange area!
therefore the second orange area seems a potential area for starting a new upward movement!
______________________
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
Comment
✅ It has been expected so far!
#xauusd #gold
Comment
2016 area looks great for another upward movement.Trade closed: target reached
#xauusd #gold
the next level touched
The price is currently making some compression and then making another upward move.
Trade closed: target reached
Trade closed: target reached
it was A PERFECT analysis
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________
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you can get a free trading view account by depositing
👉👉👉 my recommended exchange:
partner.zoomex.com/aff/ZX902648
________
🚀🚀My telegram channel:
🥇 t.me/melikatrader94
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