XAU/USD 16-Jun-2024

Actualizado
The price is around the monthly resistance line
And by crossing the weekly support line, there is a range around it

On the other hand, it is located in the 4H descending channel
Inside the 4H channel, a wedge pattern is formed

According to charts and patterns, as well as some indicators;
I expect the price to drop at the beginning of the week
And then, as I showed in the chart, I give two possibilities

But even with the price rise and hitting the ceiling of the channel,
I expect the price to drop by 2231

But if the roof of the channel is broken, my goal will be rejected

* Be profitable

Thank you for expressing your opinion with likes and comments
Operación activa
Operación activa
Operación cerrada: objetivo alcanzado
The target was touched in the blue projection
I expect the price to drop to 2300
Chart PatternsTechnical IndicatorsTrend Analysis

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