XAUUSD Technical Analysis 20201123
Updated
XAUUSDTake at your own risk:
Gold has officially broken through the 1860 Support.
Gold is now in a downtrend in 4H as it has formed a LL and LH in 4H TF.
Daily TF is showing a potential Supply & Demand Area between 1818 and 1875 where Volume Traders and Institutional Traders might come in.
4H TF is showing Divergence in MACD.
Note
Correction: Daily TF is showing a potential Supply & Demand Area between 1818 and 1795
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.