XAUUSD (GOLD), A BIG PICTURE.
Hi There, Let's take a deep look at GOLD. This analysis will further be divided into 2 or 3 more analysis on different TimeFrames.
1/2
Recap:
Russia-Ukraine war triggered Gold & finally broke Symmetric
Channel after approximately 2 years. We saw perfect breakout and
retest as well as trend continuation till previous ATH 2070$.
2/2
Gold fell immensely after hitting ATH making
Double Top. We can see a pretty massive dip till
previous 2011 strong demand zone i.e 1900.
Now we saw some rejections at demand zone
and gold seems like accumulating for further
bullish momentum.
Feel free to share your opinions as well.. :)
1/2
Recap:
Russia-Ukraine war triggered Gold & finally broke Symmetric
Channel after approximately 2 years. We saw perfect breakout and
retest as well as trend continuation till previous ATH 2070$.
2/2
Gold fell immensely after hitting ATH making
Double Top. We can see a pretty massive dip till
previous 2011 strong demand zone i.e 1900.
Now we saw some rejections at demand zone
and gold seems like accumulating for further
bullish momentum.
Feel free to share your opinions as well.. :)
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