the day chart of xau contract is shown, a recent candle shows attempt to take support at lower levels, charts are sideways at the moment with some decent bullish possiblities , bullishnes will show in this order
1 the price on day chart should move above the blue falling trend line
2 the horizontal red line marks the first resistance on the upside
the resistance zone extends to 1340 approx
above which we can expect a good upside move
1 the price on day chart should move above the blue falling trend line
2 the horizontal red line marks the first resistance on the upside
the resistance zone extends to 1340 approx
above which we can expect a good upside move