Will the XAUUSD zig-zag finish today?

XAUUSD reversal in hands

 

XAUUSD is testing again the key resistance 1835-1840 zone. This confluence of the ongoing previous zig-zag swing upside resistance and a long-term falling trend line. A break above this level is required for the upside continuation reversal, and rejection here will lead to a new swing lower to 1780 again. Long-term consolidation is getting squeezed here and probably is about to end with a substantial directional move,

Note: look for the short trade entries with stop loss above 1840

“If you think Investing is risky, wait till you receive a bill for not Investing!” Jim Rohn

 

REAL-TIME TRADERS EDUCATION! TRADER’S CLASSROOM ONLY $69 PER MONTH!

 

XAUUSD testing the key resistance

 

 

 

 

 

Register for Private Live mentoring with your trading evaluation to learn trading analysis and get to crucial trading levels like this article.

COPY TRADING MADE EASY

Take a break from your trading routine, and let us run some funds! Copy our trades!

 

Scroll to Top
×