XAUUSD H12 Idea
Technical View
- XAU/USD is trading higher on Monday, but Friday’s closing price reversal top may be producing enough of a bearish influence to put a lid on prices.
A trade through $2333.88 will confirm the chart pattern, shifting momentum to the downside. A move through $2319.395 will change the minor trend to down. This will reaffirm the momentum shift, setting up the market for a possible correction into $2288.87.
- Taking out $2431.59 will signal a resumption of the uptrend.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.