I am not sure. The price has indeed broken a trend line, but in my opinion, the price will test the higher price areas first, and after forming a new top, it will begin a larger correction.
All targets are Achieved. Tast's an update. As I said in the GOLDUSD chart analysis on July 27, the price dropped to the $1710~$1705 range and started rising to around the price of $1757.
GOLD is testing a resistance zone.
We might see a pullback from resistance at 1750.
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Opportunity to Buy. This is an analysis based on price action and wave analyses. The price goes up on H4, breaks the trend-line, and pulls back approximately happen; It has an excellent chance to buy till the top up to the targets specified in the chart.
GOLD is consolidating between 1730 - 1715 zone.
After impulsive move comes a consolidation.
We expect lower prices.
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Gold is making higher highs and it closed above the resistance zone at 1725.
We expect the market to move higher levels.
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GOLD is consolidating between 1703 and 1721.
We expect further consolidation until we see a clear trend indication.
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GOLD is still trading in the support zone.
Price action does not show a clear trend indication.
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GOLD is approaching a major support zone.
We are expecting a false break of the support level since the market is oversold.
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GOLD price is pushed down after a small range.
Price action broke and closed below the support level, which became a resistance.
We expect the 1800 resistance zone to be tested.
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Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
XAUUSD went down as we predicted yesterday.
If price retraces back to resistance level then we will look for selling opportunity.
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GOLD moved up and created a swing zone.
It is currently testing at the major level of $1850.
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GOLD made a shallow lower low, indicating that there is more buying pressure.
Previous resistance is expected to be tested.
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GOLD is moving sideways. The price is coiling up.
Always, contraction leads to expansion.
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Price action created a false break of the strong resistance level at $1855.
GOLD pulled back to the consolidation zone.
We anticipate further price movement down.
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GOLD is raging. Pretty much nothing has changed from yesterday's session.
We are still expecting lower prices.
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GOLD could made a higher high.
It pulled back to the consolidation zone.
We anticipate further price movement down.
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