Halloo friend of all ... what if we try to look at the itinerary and price action will occur in XAU / USD or Gold
We will look at two areas of analysis with different time frames and below I will take the time frame H4 and daily
Daily Frame
By looking at the conditions that exist in the daily chart it looks like the trip will happen to the pair XAU / USD or gold has a long-term goal is still dominated by a bearish trend with the target goals in accordance with their respective support region
Supprt 1 region was estimated to be at the price of 1268.00
Supprt 2 will go to the region 1251.41
Time Frame H4
When we look at a map of the trip price of gold in the H4 time frame seems too strong patterns of price dropped noticeably although there is also an opportunity for bullish but only a starting point to look for the strong to the point of resistance at each level
Resistance 1 at the level of the price of 1291.40
Resistance 2 is at the price of 1304.17
Support 1 at the level of the price of 1272.71
Support 2 at the level of the price of 1263.72
Well when you see the way the current prices and current prices, the possibility to get to the point of resistant 2 will be hard though could rise may only be in the range of 1 point of resistance and then continue on down the price level towards support area
So my observation to pricing power XAU / USD or gold that will hopefully run a lot right than harm
One thing that must be remembered that the price of gold way more influenced fundamental condition so use it wisely and analysis in accordance with your risk preparedness
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