XAUUSD Detailed Outlook! We see that on the Daily timefram | FBS Analytics
XAUUSD Detailed Outlook!
We see that on the Daily timeframe, the price has approached the resistance line and there is a retest of the trend line from below.
On the H1 timeframe, we see that a range has formed between the resistance level of 2043.00 and the support level of 2030.00. Even if there is a break up to the 2050.00 level, the price will face a big resistance area and will go down to 2014.00.
But if the price immediately overcomes the range at 2030.00, it will go straight down to 2014.00.
Trade: Sell XAUUSD if the price bounces from 2050.00 or if it breaks the support at 2030.00! TP: 2014.00
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