GOLD_ A good place to go up??
Hi everyone
As traders from crypto market approach the GOLD market ,We may get to see some up trend from here on.
From the looks of it , there is a weak bear trend in 4 hours chart on XAUUSD. There might be a bounce from the bottom of the bear channel or before that.This bounce will create a ABC pattern ( whether LL or HL) as LL (the RED arrow) our A current bar's high B and the next move down and rebound as C.
For now we have 1825$ and the bottom of the weak bear channel as support and for resistance, there is 1840$ and top of the bear channel.
Hope this analysis helps you in a way.
I will gladly answer your questions,Just leave a comment below and PRESS THE LIKE BOTTOM please.
As traders from crypto market approach the GOLD market ,We may get to see some up trend from here on.
From the looks of it , there is a weak bear trend in 4 hours chart on XAUUSD. There might be a bounce from the bottom of the bear channel or before that.This bounce will create a ABC pattern ( whether LL or HL) as LL (the RED arrow) our A current bar's high B and the next move down and rebound as C.
For now we have 1825$ and the bottom of the weak bear channel as support and for resistance, there is 1840$ and top of the bear channel.
Hope this analysis helps you in a way.
I will gladly answer your questions,Just leave a comment below and PRESS THE LIKE BOTTOM please.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。