franklin886okoro

XAUUSD MARKET ANALYSIS

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD price broke the previous bottom trend line in the last XAUUSD analysis l posted, forming a new Low at the previous uptrend demand and supply area.

Right now, there is a possibility for trend reversal in the 1W time frame as supported by 4h and 1h confirmations too. Also, a fractal confirmation of the possible reversal or impulse corrections will kick in on 1W time frame as soon as the XAUUSD market opens for the new week.

This is not a personal financial advice. Trade wisely.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.