XAUUSD
Looking at the daily timeframe, we can see overbought values between 2025 and 2075. Add in the Money Flow Index indicator and you can see the overbought values. (Sorry, I’m still on basic plan. Couldn’t add more indicators)
After the profit taking sessions, we can see a downward trend where it found support at the EMA 100.
Bouncing upward from the EMA 100, we still can see the resistance at the downward trendline.
We are looking at a potential continual downtrend to find support at the EMA200.
After the profit taking sessions, we can see a downward trend where it found support at the EMA 100.
Bouncing upward from the EMA 100, we still can see the resistance at the downward trendline.
We are looking at a potential continual downtrend to find support at the EMA200.
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