Gold , Before last week, I just named a structure as Umbrella pattern, and it went really bearish with super sell signal,
again i marked out today in a 1HR chart with a Small umbrella, which provides a foundation for a bearish move..
XAUUSD may look to go around 1770 - 60 area this week.. let see..
Analysis only for education purpose..
Last week bearish scenario in Gold against Dollar pair, may continue this week, price may go up to the price area of 1925 , where the Resistance for this set up, from there it expected to continue its bearish move this week,
Note- Analysis given for education purpose...
Xauusd trending within the triangle from the August, and it tries to escape down from triangle in mid of september, strong resistance above the head push the price lower and added to that Dollar index also looking bullish at the same time, Rest of the week could be the sellers domination in this pair.. expected to go down atleast 1890 area..
Note - price action...