XAUUSD

Hello traders ,what do you think about GOLD? As you can see, Gold is moving in a descending channel in the short term. Here, two scenarios for the next movement can be considered, which are indicated in the chart .If it succeeds in breaking the ceiling of the channel and the resistance zone, you can buy in pullback. Otherwise, after reaching the ceiling of the channel and the resistance zone, you can enter the sell after receiving the confirmation. It seems that scenario 1 is more likely to occur
If this post was useful to you, do not forget to like and comment.❤️

Commentaire:

Gold failed to break the resistance zone and the trend line, and scenario 1 happened as expected.