From the chart to observe the pattern of price movement can be found XAUUSD price is in the upward channel. But this does not mean that the price will not fall in the short term, instead I think that the retail investors follow the trend of more chips, the main institutions need to clean the chips in the market. This process is often manifested as a fast-falling, slow-rising price scenario.
Transaction en cours
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Transaction en cours
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XAUUSD price will rally to the gray area if it stays above $1800. I am paying close attention to the $1795-1800 key levels.
Ordre annulé
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XAUUSD price has gone below $1800 and the bulls are not strong anymore.
In the medium term, we will most likely need to stick to shorts
learntrading007
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thanks and good job
hamidreza_FX
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nicely explained thanks for sharing
ramadhan2st
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what you recomendation? we open sell or buy?
Super_B_XinR
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@ramadhan2st, The lower line of the channel is the turning point. You need to keep an eye on whether the price is supported in the price range indicated by the green zone.