XAUUSD UPSIDE EXTENSION
XAUUSD is breaking above the strong upside resistance not broken since 2020. Despite the strong selling after 1950 touch, this marks the end of the long-term downtrend and the uptrend extension.
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The weekly chart shows a break of this critical resistance and indicates a strong upside support zone between 1850 and 1880. This support should hold for the upside advance to 2100.
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On a daily chart, we can see a good RR trade opportunity Already a member? This article is so good, it’s for premium members only.
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We have used the combination of the top-down trading analysis to get these critical levels explained in the charts. Also, you can see Elliott Wave and price action analysis together in action along with the Andrews Pitchfork channel tool. If you want to learn the trading strategy that will give you immediate results in your trading register for Trader’s classroom.
