Here is our overall on XAUUSD. Potential short opportunity.
As of now, XAUUSD is struggling to break 2624. If we break above this level we could see higher highs and we will continue to the upside.
However,
If we break below 2604, we could see a downside move to our PBA (Pullback Area) sitting at around 2590. Breaks below our PBA could also result in lower prices. Considering the fact we made an ATH it would not be out of the ordinary for gold to do a massive pullback.
KEY NOTES
- XAUUSD is struggling to break 2624.
- Break below 2604 would confirm sells.
- A pullback from ATH is not out of the ordinary.
- Break above 2624 could result in higher highs.
- Break below PBA would result in deeper pullbacks.
Happy trading!
FxPocket
As of now, XAUUSD is struggling to break 2624. If we break above this level we could see higher highs and we will continue to the upside.
However,
If we break below 2604, we could see a downside move to our PBA (Pullback Area) sitting at around 2590. Breaks below our PBA could also result in lower prices. Considering the fact we made an ATH it would not be out of the ordinary for gold to do a massive pullback.
KEY NOTES
- XAUUSD is struggling to break 2624.
- Break below 2604 would confirm sells.
- A pullback from ATH is not out of the ordinary.
- Break above 2624 could result in higher highs.
- Break below PBA would result in deeper pullbacks.
Happy trading!
FxPocket
Penafian
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