XAU/USD

Technical analysis is a powerful tool for analyzing forex pairs, but it's important to remember that it's not a guaranteed predictor of future price movements. It's best used in conjunction with other tools and strategies.

Here are some key concepts in technical analysis:

Charts: Price charts are the foundation of technical analysis. They show the historical price movements of a currency pair over time. Different chart types (candlestick, bar, line) can provide different insights.