In the
Presently, XAU has broken through a resistance barrier that persisted for 1274 days and is presently undergoing a retest of this level. Based on historical data, there's an anticipation of a potential 50% upward movement from this point.
However, it's crucial to note that if any weekly candle closes below the 2000 mark, this strategy would be invalidated. This level serves as a critical threshold, signaling a potential shift in market dynamics.
#DYOR #NFA
Comentário:
XAUUSD
UPDATE
No change in Gold still trending inside this triangle.
The next move in gold will be decided by whether there is a breakout or a breakdown.
keep an eye on it
I will keep you updated. Stay tuned.
#DYOR
No change in Gold still trending inside this triangle.
The next move in gold will be decided by whether there is a breakout or a breakdown.
keep an eye on it
I will keep you updated. Stay tuned.
#DYOR
Comentário:
Comentário:
XAU
XAUUSD
XAU, the symbol for gold, has broken down from a symmetrical triangle pattern after being within it for 91 days. From a technical standpoint, we can anticipate a 10% decrease in gold's price based on this pattern.
After successfully retesting the pattern, we can expect the first drop to target the initial level of support, which is around 1987.
Stay tuned for further updates.
After successfully retesting the pattern, we can expect the first drop to target the initial level of support, which is around 1987.
Stay tuned for further updates.
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Gold is currently forming a symmetrical triangle pattern in the four-hour time frame. This triangle has a breadth of almost 10%. Therefore, if there is a breakout or a breakdown, it is technically expected to move by 10%.
The range between 2050 to 2070 is a strong resistance level. In case of a breakout, this level also needs to be surpassed. The next move of gold will be decided by whether there is a breakout or a breakdown.
I will keep you updated. Stay tuned. Remember to DYOR (Do Your Own Research).
#stockmarkets #GOLD