Gold or XAUUSD analysis
Symbol: Gold or XAUUSD
Time frame: 4 hours
Analysis: Presently we can observe divergence, SO, we can expect downtrend movement up to 1870 but in case if the price crosses above the parallel channel with high volume and in MACD, if the price crosses above zero, then, we can expect target up to 1230.
HOPE our analysis is...
All major points are clearly plotted on the chart, if you have any query or doubt, can contact me through below comment system...
This analysis is invalid if XAUUSD cross upward the point 1925...
Thanks for your support...
As per my calculations and previous chart history, I am going short but with tight stop loss according to my risk management and I will set a buy stop in that case..
All main points are also projected on the chart...
Please do your own research before taking any decision of trading in this volatile market...
Local Support @1920.079 and
Sell Stop @1929 with
TP1...
Gold analysis for the week starting from 19th September 2022.
Use my levels and zones in either on Hourly or 15 Minutes or 5 Minutes for best Risk Reward trades.
Never trade with out a stop loss.
