Will I renew my ATH...

2023年5月10日

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(XAUUSD chart)

Rising above 1909.525, the long-term trend is positive.

Therefore, a break below 1909.525 is expected to end the long uptrend.


Looking at the 1W chart, we can see that it is moving up along the upper uptrend line within the uptrend channel.

Therefore, a break below 1988.520 is expected to touch the lower uptrend line of the uptrend channel.


(1D chart)

Looking at the 1D chart, we can see that the price is moving up, within several uptrend lines.

Currently, XAUUSD is located near the new high (ATH), so the downside view is more credible than the upside view.

The reason is that the basis of analysis is the movement of the previous chart.


However, the key is whether it can rise above the Fibonacci ratio point of 2081.026.

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** All descriptions are for reference only and do not guarantee profit or loss in investment.

** Even if you know other people's know-how, it takes a considerable period of time to make it your own.

** This is a chart created with my know-how.

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