- Analysis of gold against the US dollar on the four-hour chart
Technical analysis is based on trend analysis
The price is now trapped between an uptrend and a downtrend
- We wait for the downtrend to cross over to reach the targets specified on the chart
The weak scenario is to break the uptrend to fall to the selling targets specified on the chart
Technical analysis is based on trend analysis
The price is now trapped between an uptrend and a downtrend
- We wait for the downtrend to cross over to reach the targets specified on the chart
The weak scenario is to break the uptrend to fall to the selling targets specified on the chart