XAUUSD, H1 PROJECTION

PAIR: XAUUSD

TIMEFRAME: 1H

It is important to note that the instrument, GOLD is classified as "stock" and does not necessarily behave like the regular currencies.

One may think price would retrace; correction after the impulse move but from experience, price would keep rallying up until trendline -X which marks a channel.

But like always, the pair is full of surprises so one must be careful in picking an entry point.

Lower TFs are best bets for this.



Chart PatternsdollarindexForexGoldTechnical IndicatorsStocksTrend AnalysisUSDXAUXAUUSD

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