Analysis for upcoming week: Pure Price action with fundamentals
1- The XAUUSD pair is trading near 1990 level,snapping a two-day corrective decline,as the US Dollar retreats early Tuesday despite the mixed market sentiment.
2- The pair is facing a potential bearish wedge pattern on the daily chart,with a support at 1950 level and a resistance at 2005 level.A breakout of either level could signal a strong directional move.
3- As per fundamentals and Technicals Price is expected to Retest 1950 next week and then possible reaching 1810 levels if price breaks the Strong Support at 1950 level,
4- Trade on your own risk & DYOR
1- The XAUUSD pair is trading near 1990 level,snapping a two-day corrective decline,as the US Dollar retreats early Tuesday despite the mixed market sentiment.
2- The pair is facing a potential bearish wedge pattern on the daily chart,with a support at 1950 level and a resistance at 2005 level.A breakout of either level could signal a strong directional move.
3- As per fundamentals and Technicals Price is expected to Retest 1950 next week and then possible reaching 1810 levels if price breaks the Strong Support at 1950 level,
4- Trade on your own risk & DYOR