XAUUSD > Detailed Analysis and What to Look For! Analysis of | tradiingaxis

XAUUSD > Detailed Analysis and What to Look For!

Analysis of #XAUUSD


I got many requests to analyze Gold , thanks to everyone who messages.

The gold market was in a downtrend which I warn about in my latest analysis for gold , now the market is in rotation mode, meaning it is not valid for sell as it broke previous lower highs and it is not in an uptrend as we still need a confirmation we have second higher lows and we can get that if market breaks and closes above 1870.

we have 2 possible scenarios.

the market breaks and closes above 1870 this will open the door to go to 1900-1910 next resistance.


the market breaks down and closes below 1840 and this will resume the downtrend to retest the 1800-1790 support level

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https://www.tradingview.com/i/5a1tKOzK/