MY IDEA ON XAUUSD (GOLD)

11 Eyl 2020

Based on my technical analysis, I have highlighted the strong support levels using the purple rectangles using both the daily and 4hour timeframe. I believe that the market could potentially push gold down to the 1920 area before it breaks up for a bullish move. This is the first time I’m publishing an idea so let me know your thoughts.

I drew my trend lines based off the daily and I’m using both the 20 & 50 MA line indicators on my charts.