Oro / DollaroAggiornato XAUUSD Consolidation Hinting
My previous analysis XAU/USD was bearish as price move down a bit but this morning things changed. I took a look at the DXY and It couldn't break an important level. I will post the analysis on the DXY later on but for now let's talk GOLD.
Let's examine the price action.
-Looking at H4 on the big picture price have been consolidating heavy and building a strong support at the 1310 level which could not be broken. The market tested three times as I plotted a horizontal support to showcase that.
- This daily candle matters a lot because most likely it should close a bullish engulfing.
- With FOMC coming up, GOLD could go either wait but the way it's rolling right now. This could be the beginning to route 1400.
I will continue to update this, when Gold is officially Bullish or Bearish
Let's examine the price action.
-Looking at H4 on the big picture price have been consolidating heavy and building a strong support at the 1310 level which could not be broken. The market tested three times as I plotted a horizontal support to showcase that.
- This daily candle matters a lot because most likely it should close a bullish engulfing.
- With FOMC coming up, GOLD could go either wait but the way it's rolling right now. This could be the beginning to route 1400.
I will continue to update this, when Gold is officially Bullish or Bearish
Nota
Perfect!
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.