GOLD (XAU/USD): MTF illustration. What is the next move?

2023년 5월 23일

Looking at the Weekly-timeframe graph on the left-hand side of the screen, it can be observed that the price is approaching a key level of support that aligns with the up-trending diagonal highlighted on the chart.

Zooming into the Daily TF chart, we may identify a preliminary entry point that we will have our eyes on for entering long positions and riding the next potential bullish wave.