XAUUSD Multi Timeframe Analysis
MN CHART
We are starting with the MN chart and looking at some long term levels.
Currently, MN chart is bearish. SEP Close blow 1768 will keep the bias bearish with the potential of a bounce from the 1734 area.
SEP Close below 1705 will indicate strong bearish momentum and we will be targeting 1633 and below
WEEKLY CHART
This week we are looking for a third red candle completing three black crow formation and targeting 1724 and possibly a drop below 1675 to grab liquidity if we get an aggressive drop.
D1 CHART
We could see a retracement to 1780 area to test resistance if we are lucky.
Looking for price to test 1724 level
Price is in a descending channel.
A daily close above 1833 will negate the bearish outlook on Gold.
We are starting with the MN chart and looking at some long term levels.
Currently, MN chart is bearish. SEP Close blow 1768 will keep the bias bearish with the potential of a bounce from the 1734 area.
SEP Close below 1705 will indicate strong bearish momentum and we will be targeting 1633 and below
WEEKLY CHART
This week we are looking for a third red candle completing three black crow formation and targeting 1724 and possibly a drop below 1675 to grab liquidity if we get an aggressive drop.
D1 CHART
We could see a retracement to 1780 area to test resistance if we are lucky.
Looking for price to test 1724 level
Price is in a descending channel.
A daily close above 1833 will negate the bearish outlook on Gold.
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.
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.