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XauUsd- Still in consolidation. What could be next?
Atualizado
After a strong 400-pip drop on Friday, which suggests that bears are still in control, XAUUSD reversed exactly at the minor ascending trend line.
However, after reaching the lower boundary of my sell zone, the price started to roll back down and tested the trend line once more during the overnight trading session.
A price break below 2320 would confirm the beginning of a new leg down and could lead to acceleration.
As explained in yesterday's post, 2285 could be the first target for bears, with a possible extension to the 2200 zone in the medium term.
My strategy remains to sell during rallies.
XAUUSD reversed exactly at the minor ascending trend line.However, after reaching the lower boundary of my sell zone, the price started to roll back down and tested the trend line once more during the overnight trading session.
A price break below 2320 would confirm the beginning of a new leg down and could lead to acceleration.
As explained in yesterday's post, 2285 could be the first target for bears, with a possible extension to the 2200 zone in the medium term.
My strategy remains to sell during rallies.
Nota
XauUsd has entered my sell zone once moreNota
Genuine break?Nota
Clear break under support2285 is very probable this week
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📈 Forex & XAU/USD Channel:
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💎 Crypto Channel:
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