XAUUSD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Goldforecast
GOLD (XAUUSD): Your Trading Plan For Next Week 🥇
Hey traders,
Gold finally reached a lower boundary of a major horizontal weekly trading range.
As I predicted, the market bounced nicely from that.
On focus is a falling parallel channel on a daily time frame now.
While the market stays within that gold remains bearish.
I would suggest waiting for its bullish breakout as a trigger for buying again.
For now, be patient and let the market trade within the channel.
Good luck next week!
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Gold: unyielding gold loyal to dollarI told u guys about gold having trend in trend in 1htf in previous post and what is likely to play and we've only broken down from orange uptrend and now trying to head down to the down part of the yellow trend. The market pulled out of 1695 zone which I put as the first target. If the zone is to be crossed 1670s will be next down followed by 1660s. If the 1680-95 zones is crossed 1670s and 60s will be a nice place to try a buy to keep opportunity if hold. Decline to 1640s can still be on the card for the Bears.