XAUUSD(Gold) - Trend Reversal Expectation

2024年10月24日

From a technical perspective, XAUUSD has been in a bullish trend for a while due to several factors. All good things come to an end, in a simialr way I'm expecting Gold to start it's trend reversal.

Gold is currently facing resistance at 2740-2750 levels.

I'm expecting Gold to turn bearish in the coming days and I also see a start of a trend reversal pattern forming in Gold in Day TF.

The levels are marked in the chart.

Good Luck with your trading plans!

2024年10月24日

註釋

I also see a reversal pattern in the Lower TF. I see the same Head and Shoulder Pattern in 1Hr.

A clear close in 1hr below 2710 should help Gold move to 2685 levels.

2024年10月30日

取消訂單

Neckline was not broken. Hence cancelling.