XAUUSD - 1H Continuation of Fall
Stops and liquidity have been hunted above the resistance zone, suggesting that gold (XAUUSD) can continue its downward trajectory towards the $2315 level.
The chart shows a bullish trendline, and a break below this trendline will serve as a confirmation for initiating sell positions. This break would indicate a shift in market sentiment, reinforcing the bearish outlook. Traders should watch for this trendline crossing as a key signal for entering short trades, targeting the identified support level at $2315.
Additionally, the previous three bullish legs used the $2310 zone as the base, adding further significance to this support area.
The chart shows a bullish trendline, and a break below this trendline will serve as a confirmation for initiating sell positions. This break would indicate a shift in market sentiment, reinforcing the bearish outlook. Traders should watch for this trendline crossing as a key signal for entering short trades, targeting the identified support level at $2315.
Additionally, the previous three bullish legs used the $2310 zone as the base, adding further significance to this support area.
Join our Telegram channel via this link for analysis and trading signals.
t.me/+LT1LpjRoXPg4NGU8
t.me/+LT1LpjRoXPg4NGU8
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.