XAUUSD: What is the future of the Gold| $3000 or $2300?
Updated
Dear Traders,
XAUUSD recently price reached to record high after hitting at $2484 and rejected there. After looking at the chart closely, we can see price rejecting at three point rejection buy side trendline. Where price previously dropped heavily after rejection at the point. Currently we have two options, firstly price might continue heading towards $3000 as we had described in our previous chart or it might drop to $2350 or lowest $2300. Please use this analysis as educational purposes, unlike our other analysis.
Good Luck.
XAUUSD recently price reached to record high after hitting at $2484 and rejected there. After looking at the chart closely, we can see price rejecting at three point rejection buy side trendline. Where price previously dropped heavily after rejection at the point. Currently we have two options, firstly price might continue heading towards $3000 as we had described in our previous chart or it might drop to $2350 or lowest $2300. Please use this analysis as educational purposes, unlike our other analysis. Good Luck.
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720+ pips dropped nicely.
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