Looking back, the historical price movement for gold in September 2021 is in the trend area. In that year, the trend is bullish. How about 2022? Seeing the state of the market this year is moving downwards. As seen in the picture on the daily timeframe, it has formed a new low (swing low) and is unable to make a swing high to surpass the previous high.
It can be said, the gold market (XAUUSD) is in a bearish trend. Will September 2022 be able to form a bullish trend? Hopefully it can break 1811 and turn the bearish trend into bullish.
It can be said, the gold market (XAUUSD) is in a bearish trend. Will September 2022 be able to form a bullish trend? Hopefully it can break 1811 and turn the bearish trend into bullish.