FaridSeghiouer

XAUUSD - GOLD - Analyse for 24th mai 2020.

OANDA:XAUUSD   Or / Dollar Américain
The price has closed last week under the upper trend line respecting the (0.5/1734.46) Fibonacci level,with an important squeeze on the last 30 frame time candle, so there's a 90% probability that the price will touch down the 1727.35 level, because it's a very important Fibonacci level and also it coincides with the resistance (trend) line, and i expect that it'll pull-back on that level, in order to break the 1734,60 with a very important volume for touching the 1741,60 level. If that scenario will not be activated, i expect a pull-back on the 1734 level.

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