XAUUSD (Gold) Analysis 24/1/2021
On the daily time frame, it has been in a downward channel (red)
On the 4 hour time frame, recent price action shows a bullish flag, which is a downward continuation pattern. I believe that price will go to the lows of the channel (1700) before moving it's way up to the top of the outer channel and go above.
Ideas/opinions would be very much appreciated as I am new to this so any feedback will be taken into consideration!
On the 4 hour time frame, recent price action shows a bullish flag, which is a downward continuation pattern. I believe that price will go to the lows of the channel (1700) before moving it's way up to the top of the outer channel and go above.
Ideas/opinions would be very much appreciated as I am new to this so any feedback will be taken into consideration!
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