XAUUSD: Multiple indicators point to continued downtrend
Dear Traders,
Based on three distinct analyses, XAUUSD appears poised to continue its downtrend:
1- There's an increasing density of low frequencies between 1857 and 1852. Notably, the 1852 level seems to be acting as a significant barrier against further price advancement.
2- The channel, highlighted in blue, similarly indicates resistance in the 1855 to 1852 range.
3- The asset has just broken through the red trendline indicated on the chart, further suggesting potential downward momentum.
Based on three distinct analyses, XAUUSD appears poised to continue its downtrend:
1- There's an increasing density of low frequencies between 1857 and 1852. Notably, the 1852 level seems to be acting as a significant barrier against further price advancement.
2- The channel, highlighted in blue, similarly indicates resistance in the 1855 to 1852 range.
3- The asset has just broken through the red trendline indicated on the chart, further suggesting potential downward momentum.
Note
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Publications connexes
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.