XAUUSD-H1
Key points
📍Due to the broad weakness of USD gold got some strength and moved up towards the upperside trendline
📍At 1960.00 level we can see a rejected pinbar which is a clear sign of bearish trend as the buyers lacking the momentum
📍At this level the volume is too low thus the bull is losing its strength
📍 Though the fundamentals are supporting buy trend untill 2000.00. We can expect a minor correction towards 1945.00 which is a recent support level for the bull
📍If the 1945.00 is broken then the double top formation is further confirmed and the next target would be 1921.00
Key points
📍Due to the broad weakness of USD gold got some strength and moved up towards the upperside trendline
📍At 1960.00 level we can see a rejected pinbar which is a clear sign of bearish trend as the buyers lacking the momentum
📍At this level the volume is too low thus the bull is losing its strength
📍 Though the fundamentals are supporting buy trend untill 2000.00. We can expect a minor correction towards 1945.00 which is a recent support level for the bull
📍If the 1945.00 is broken then the double top formation is further confirmed and the next target would be 1921.00
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Penafian
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Penerbitan berkaitan
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.