XAUUSD Daily Rejection of the monthly hight Zone
XAUUSD daily price action has been rejecting monthly high zone with the daily resistance (1340) still holding firm confirmed by a daily doji candle. Although on the daily resistance has
held if we take a look at the H4 timeframe youll see the H4 trend making higher low.
I am expecting price to reach the monthly zone stopping at the weekly mid-range resistance (1400). Price already broke and also tested weekly mid-range support (1254) and now penetrated monthly key level resistance (1326) with moving average indicating momentum is on the bullish size.
held if we take a look at the H4 timeframe youll see the H4 trend making higher low.
I am expecting price to reach the monthly zone stopping at the weekly mid-range resistance (1400). Price already broke and also tested weekly mid-range support (1254) and now penetrated monthly key level resistance (1326) with moving average indicating momentum is on the bullish size.
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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.