Oro / DollaroLong
XAU USD week 07 08 2023
XAU USD Week 07 08 2023
Analyzing the weekly timeframe chart, we observe the price reacting to the medium Bollinger band with at least 3 pin bars displaying long tails, indicating potential support for a downtrend this week. However, on the daily timeframe, we expect a short downtrend for 1 to 2 candles on Monday and Tuesday, followed by an upward movement towards the upper channel.
Our focus is on looking for a buy signal this week.
Analyzing the weekly timeframe chart, we observe the price reacting to the medium Bollinger band with at least 3 pin bars displaying long tails, indicating potential support for a downtrend this week. However, on the daily timeframe, we expect a short downtrend for 1 to 2 candles on Monday and Tuesday, followed by an upward movement towards the upper channel.
Our focus is on looking for a buy signal this week.
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