XAUUSD 4hour MA50 and Resistance levels before the Fed
XAUUSD had an important bearish breach yesterday after it closed under the 4hour MA50 for the first time since December and it fell as low as to break even the bottom of the long term Channel Up.
In typical denial fashion, the price rebounded immediately to test the 4hour MA50 as its Resistance for the market to see how many short term buyers are left. Under 1935.50 keeps the trend bearish aimed at the 1897 - 1893 Support Zone. Above 1935.50, we eye the 1949.50 High and a Higher High on the Rising Resistance.
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In typical denial fashion, the price rebounded immediately to test the 4hour MA50 as its Resistance for the market to see how many short term buyers are left. Under 1935.50 keeps the trend bearish aimed at the 1897 - 1893 Support Zone. Above 1935.50, we eye the 1949.50 High and a Higher High on the Rising Resistance.
Follow us, like the idea and leave a comment below!!
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TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
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.