Hi everyone,
Please see attached my XAUUSD 4H chart analysis.
As we can see in the chart gold has pushed up into a key area in which we have had resistance since the 18th june.
With this current price there is potential for a few different outcomes to occur:
- We may see price respect the support line in which we will see a push to the downside, this is something i will be watching closely as i will be looking for pivot candles. Also we can see the stochastic is crossing showing potential for a push to the downside.
- I will be looking to see if we have a breakout on the area, if we do i will be waiting for a retest for the price to then rally up past the 1800 area.
Keep this one on your watchlists people!
DWFX
Please see attached my XAUUSD 4H chart analysis.
As we can see in the chart gold has pushed up into a key area in which we have had resistance since the 18th june.
With this current price there is potential for a few different outcomes to occur:
- We may see price respect the support line in which we will see a push to the downside, this is something i will be watching closely as i will be looking for pivot candles. Also we can see the stochastic is crossing showing potential for a push to the downside.
- I will be looking to see if we have a breakout on the area, if we do i will be waiting for a retest for the price to then rally up past the 1800 area.
Keep this one on your watchlists people!
DWFX