XAUUSD: higher lows formation started- 06-08-2018

6 Ağu 2018

As we can see in the chart; XAUUSD is starting to form a higher low which indicates that it will start to go up.. If it becomes able to reach the level of 1214 and break the down-trended channel at levels of 1222, I think this is leading to a price explosion up to 1235 and 1240.. This probability is linked also with negative news on USD on the coming days..