Small retrace, then continue bullish trend
forex_dr
Looking at the past of XAUUSD, It usually increases by a high amount (+- 18pip) followed by a fib retracement of 61-78% (most of the times, anyways), or decreases by a high amount and then retraces 50-61%. Based on what just happened few hours ago, I believe a small retracement will happen (reaching 1984?) before shooting upwards again. There is a Montly Resist up, that it might test-hit it.
Note: this is just an idea, not to be followed. Please make your own analysis first
Looking at the past of XAUUSD, It usually increases by a high amount (+- 18pip) followed by a fib retracement of 61-78% (most of the times, anyways), or decreases by a high amount and then retraces 50-61%. Based on what just happened few hours ago, I believe a small retracement will happen (reaching 1984?) before shooting upwards again. There is a Montly Resist up, that it might test-hit it.
Note: this is just an idea, not to be followed. Please make your own analysis first
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.