XAUUSD (Gold) Analysis 24/1/2021
On the daily time frame, it has been in a downward channel (red)
On the 4 hour time frame, recent price action shows a bullish flag, which is a downward continuation pattern. I believe that price will go to the lows of the channel (1700) before moving it's way up to the top of the outer channel and go above.
Ideas/opinions would be very much appreciated as I am new to this so any feedback will be taken into consideration!
On the 4 hour time frame, recent price action shows a bullish flag, which is a downward continuation pattern. I believe that price will go to the lows of the channel (1700) before moving it's way up to the top of the outer channel and go above.
Ideas/opinions would be very much appreciated as I am new to this so any feedback will be taken into consideration!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.