xauusd analysis

in the past fee days we can find that xauusd is accumulating in a particular zone of 2325-2332 area. where 2322 is showing a great resistance to the bull and a big zone for bearish reversal.


SO WHAT WILL HAPPEN IF THIS ZONE IS BEEN BROKEN?

See if this zone is broken xauusd will be tested at 2336 and if this is broken xauusd will go through resistance zones at various point including,
2348
2355
2366
2376
2388
2396.
2421.

so eventually this zone can now considered as a pivotal point for the upcoming market movement.

In the alternative scenario what will happen if xauusd again retraces from 2332 area?

it will be falling to the support area as follows<
2312
2306
2295
2282
2282
2267
2240
Both the bearish and bullish speculations have 50:50 chance.

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Commentaire:

xauusd finding it hard to broke resistance zone of 2336-2338

Commentaire:

hit bullish target 2348
as pedicted