XAUUSD Pattern Unfolding

Gold is attempting to recover higher on Thursday after sellers failed to breach the key former monthly, around $1,675, on Wednesday. A notable head and shoulders pattern appears to be taking shape across the lower time frame, which holds an $80.00 downside projection. Gold bulls now need to move the price above the $1,755 level to invalidate this bearish price pattern.

XAUUSD is only bullish while trading above the $1,690 level, key resistance is found at the $1,720 and the $1,755 levels.

If XAUUSD trades below the $1,690 level, sellers may test the $1,660 and $1,575 support levels.

0 views0 comments



Trading involves the possibility of financial loss. Only trade with money that you are prepared to lose, you must recognize that for factors outside your control you may lose all of the money in your trading account. Many forex brokers also hold you liable for losses that exceed your trading capital. So you may stand to lose more money than is in your account. Smart Analysis Pvt takes not responsibility for loss incurred as a result of our trading signals. By signing up as a member you acknowledge that we are not providing financial advice and that you are making a the decision to copy our trades on your own account. We have no knowledge on the level of money you are trading with or the level of risk you are taking with each trade. You must make your own financial decisions, we take no responsibility for money made or lost as a result of our signals or advice on forex related products on this website.


Credit  & Debit Card

  • Black Facebook Icon
  • Black Instagram Icon
  • Black YouTube Icon

© 2023 by Personal Life Coach. Proudly created with Wix.com