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Stone_Haven

💡 XAUUSD: The downward momentum is still

Short
Gold Spot / U.S. Dollar (OANDA:XAUUSD)  
Stone_Haven Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Technical Indicators Fundamental Analysis XAUUSD xauusdshort xauusdanalysis xauusdsignal Trend Line Break trendtrading trading tradingsignals forexsignals
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trendanalysis indicator fundamental xauusd xauusdshort xauusdanalysis xauusdsignal trendlinebreak trendtrading trading tradingsignals forexsignals
Analysis today: Continued to recover over the weekend but the price was not able to create any notable bullish signals, it is still maintaining in the short-term falling price channel and selling pressure is still present around the resistance level. 2040. Still maintain bearish expectations, at least until this short-term price channel is broken.


Indicator is used:
- Chandelier Exit
- EMA
- MACD
Comment:
Gold prices reversed and decreased because investors continued to take profits, as the market was preparing to receive new economic information, as well as preparing for the US Federal Reserve (Fed) to enter its first monthly meeting. 2024.
Comment:
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