XAU - NEAR EXHAUSTION
XAU has seen a nice run from sub 1700 to over 1900 last week.
Now it seems we are reaching the top of the downward channel we have been in since the ATH last year.
However, we are looking to be exhausted & cashflow is bleeding out of the asset.
So, we shall keep a close eye on both the ray close to 1900 & the ray used as the recent uptrend.
If the recent uptrend is broken, expect a dump back down to atleast 1800.
If we break the downtrend ray, expect to retest xau all time highs.
Dyor in Dior.
Now it seems we are reaching the top of the downward channel we have been in since the ATH last year.
However, we are looking to be exhausted & cashflow is bleeding out of the asset.
So, we shall keep a close eye on both the ray close to 1900 & the ray used as the recent uptrend.
If the recent uptrend is broken, expect a dump back down to atleast 1800.
If we break the downtrend ray, expect to retest xau all time highs.
Dyor in Dior.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.