May 6, 2022 Uncategorized by Bullseye0204
break out in either side
XAUUSD Analysis GOLD is not able to hold its $ 1900 and came down. today again it is consolidate near to $ 1970. This mark is near to its upward slopping trend line . If it sustained break below the rising wedge trendline support at $1,872 will validate the bearish continuation formation. A retest of the three-month low of $1,850 will be on the table should the $1,860 demand area cave in. It has significant resistance of $ 1885 if it holds this mark then we can see $ 1900 and $ 1920 in the near term .So trader should for the proper break out in either side .