Gold- Time for it to go back into its channel
XAU/USD
De-escalation in the Middle East should result in a reset.
We see from the charts that the rally has caused a long rally wick that the market will eventually fill in.
As long as no further escalation in the Middle East, I see this heading back into its daily channel.
I’m looking at 1490-1480 by end of next week, and 1400 after that.
Good luck traders.
De-escalation in the Middle East should result in a reset.
We see from the charts that the rally has caused a long rally wick that the market will eventually fill in.
As long as no further escalation in the Middle East, I see this heading back into its daily channel.
I’m looking at 1490-1480 by end of next week, and 1400 after that.
Good luck traders.
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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.