XAUUSD ANALYSIS OVER H1 CHART.
Buying zone active, Looking for upward movement, Proper risk management suggested, watch my last analysis on gold for more clarification.
On D1, gold quotations are above the 200-day Moving Average, suggesting that an uptrend is now in effect. The resistance line is being tested by the RSI. In this scenario, it is anticipated that the price will test and then break over the 3/8 (2375.00) level, continuing to rise to the 4/8 (2500.00) resistance level. This scenario might be nullified by a rebound from the 2/8 (2250.00) level, which could result in a slide to the 1/8 (2125.00) level.
A breakthrough over the top line of the VoltyChannel on M15 will raise the likelihood of a price hike.
Looking for buying opportunities in it.
On D1, gold quotations are above the 200-day Moving Average, suggesting that an uptrend is now in effect. The resistance line is being tested by the RSI. In this scenario, it is anticipated that the price will test and then break over the 3/8 (2375.00) level, continuing to rise to the 4/8 (2500.00) resistance level. This scenario might be nullified by a rebound from the 2/8 (2250.00) level, which could result in a slide to the 1/8 (2125.00) level.
A breakthrough over the top line of the VoltyChannel on M15 will raise the likelihood of a price hike.
Looking for buying opportunities in it.
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