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XAU/USD Rebounds Again!

295
• On the H1 chart, you can see that XAU/USD found support just beneath the downside line of the channel. Only a false breakdown and an upside turn were registered. It tested the S1 (1,706) static resistance (support turned into resistance).

• It has formed a flag pattern in the near term, which is considered a bearish formation. Major uphill challenges are represented by 1,711 and the downtrend line.

• "Keep it Simple", Good Luck!
Not
S2 (1,706) not S1 (1,706), sorry for that

Feragatname

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