XAU/USD Analysis for the upcoming week on market open
Price previously broke the momentous bearish trend that it built over the past two days.
Price also broke a previous resistance zone which held pretty tight till it broke down.
I am now expecting price to reach 1752 and beyond as it was also once a major key level of resistance on the 4 hour time frame.
If you have any tips and advice for my chart analysis please let me know !
One other key level to keep aware of is the 1724 level it broke past in a bullish momentum. This level was once a major support level for the bearish penant it created in previous price action. There is a possibility that price will retest that level and head up towards 1752.
Much love, MQL
Price also broke a previous resistance zone which held pretty tight till it broke down.
I am now expecting price to reach 1752 and beyond as it was also once a major key level of resistance on the 4 hour time frame.
If you have any tips and advice for my chart analysis please let me know !
One other key level to keep aware of is the 1724 level it broke past in a bullish momentum. This level was once a major support level for the bearish penant it created in previous price action. There is a possibility that price will retest that level and head up towards 1752.
Much love, MQL