Hi, It's time to analyze GOLD
1/3
Symmetric Channel Formation
GOLD is still converging since 2020 in
symmetric channel.
We might be able to see a breakout
lot more sooner than expected.
1/2
1855 seemed strong rejection zone.
Inside symmetric channel, there's
Bearish Flag and XAUUSD exactly
respected that Flag.
All thanks to FOMC on Wed.
XAUUSD followed Bearish Flag.
3/3
We might be seeing some bullish
movements from 1780 zone if dollar
declines.
Fundamentals might be able to drive Gold
further downside.
But keep in mind tomorrow's monthly candle
as well.
Till then we're unclear for our next entry.
1/3
Symmetric Channel Formation
GOLD is still converging since 2020 in
symmetric channel.
We might be able to see a breakout
lot more sooner than expected.
1/2
1855 seemed strong rejection zone.
Inside symmetric channel, there's
Bearish Flag and XAUUSD exactly
respected that Flag.
All thanks to FOMC on Wed.
XAUUSD followed Bearish Flag.
3/3
We might be seeing some bullish
movements from 1780 zone if dollar
declines.
Fundamentals might be able to drive Gold
further downside.
But keep in mind tomorrow's monthly candle
as well.
Till then we're unclear for our next entry.
