Monthly: Previous analysis, XAUUSD did break its own highs and is currently tapping onto resistance level on the monthly tf. Will need to see how next week closes (end of month, might have rejections OR it will close above resistance.)
Weekly: gold looking hella bullish past few weeks, right now we should probably expect a retracement at this current weekly resistance/pullback before we see it retesting the highs. Ideally a formation of support, break of the highs at 2010 to blast off towards 2070s. Weekly closure above this level can indicate further upside.
Daily: daily shows rejection on gold on friday, might even seem like a fakeout for thursday. We might actually see another retest at the 1980 level and movement downwards to test the 1940 area with clean candles down.
What do y'all think? Like and comment so I get more reputation points :D
Weekly: gold looking hella bullish past few weeks, right now we should probably expect a retracement at this current weekly resistance/pullback before we see it retesting the highs. Ideally a formation of support, break of the highs at 2010 to blast off towards 2070s. Weekly closure above this level can indicate further upside.
Daily: daily shows rejection on gold on friday, might even seem like a fakeout for thursday. We might actually see another retest at the 1980 level and movement downwards to test the 1940 area with clean candles down.
What do y'all think? Like and comment so I get more reputation points :D
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.