XAUUSD
is forming a signal that gives us insight into further medium-term potential. The market is trading within a descending price channel. Strong
DXY
continues to put pressure on the XAU price
There is quite a lot of news published in the coming week. It is worth paying your attention to the following:
On the daily timeframe we see a false breakdown of the descending channel resistance. After two bearish candles the market forms a shakeout and a retest of the trend resistance, but a new signal is formed - a candlestick pattern with a long candle, which is also a prerequisite for a red market.
Local support level is 1915, in the first half of the trading week the market may test this area with a high probability of further breakout and realization of accumulated potential for further decline to the lower boundary of the channel or flat
GOLD GOLD DXY XAUUSD GC1!
Regards R. Linda!
There is quite a lot of news published in the coming week. It is worth paying your attention to the following:
- 13.09:
- Core CPI
- CPI (MoM) & (YoY)
14.09:
- Core Retail Sales
- Initial Jobless Claims
- PPI
On the daily timeframe we see a false breakdown of the descending channel resistance. After two bearish candles the market forms a shakeout and a retest of the trend resistance, but a new signal is formed - a candlestick pattern with a long candle, which is also a prerequisite for a red market.
Local support level is 1915, in the first half of the trading week the market may test this area with a high probability of further breakout and realization of accumulated potential for further decline to the lower boundary of the channel or flat
GOLD GOLD DXY XAUUSD GC1!
Regards R. Linda!
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NO‼️
You❗️CAN and ❗️SHOULD make money in trading!
Join me, I'll guide you to PROFITABLE TRADING💵!
🟢Free Telegram Channel:
t.me/RLindaTrade
🔴Contact:
t.me/RLindaSignals
🧿Web: rlinda.com