XAUUSD Gold: End of the bullish trend ?

7 באוג׳ 2021

Updating our XAUUSD Weekly Chart.

Jackson Hole Symposium by The Federal Reserve Bank of Kansas City; Aug. 26-28, can be the place of the FED's first strong sign of a new path.

The location of the key support zone is 1765 - 1750 USD/Ounce.

Weekly closing below 1750 ( and the closing below the red trendline ) will add weight on the ounce.

It is early to take a big short position before closing below 1750 USD/Ounce.

Below 1750; our targets are 1720, 1700 1685, and 1640.

Indicators:
Cycle Sniper
Advanced Chart Patterns Tracker

9 באוג׳ 2021

הערה

The first medium term target is ok