XAUUSD - Gold need correction till golden zone of retracement!Hello Mates!
As we all watching XAUUUSD making ATH from last Two weeks and every time breaking its Higher Highs but here we need a good correction in gold to continue its trend here i have shared my analysis for gold read chart carefully and description.
As gold has made two parallel channels in bullish trend internal and external parallel channels and following respecting external channel for impulsive wave and internal channel for pull back/retest/ and correction.
i have drawn those both channel and marked all levels of movement!
Gold Next Move
Gold needs to take a corrective move till internal channel's down trendline which is very good zone of support and buying zone. where market can react with high volume candle to make a new ATH.
Key Points
Support: 2791
Resistance: 2895
Fib Golden Zone: 2815-2827
OB and FVG Level:2771-2792
Gold will give good move till 2791 and this is my target for sell, and buying zone for gold
if you like my analysis support me and like my ideas
