XAUUSD Ascending tunnel 4h
Since 5th of June to today - ascending tunnel formation built out of higher highs and higher lows creating the shape of a tunnel going up.
The range to sustain the pattern is 1789 - 1825.
A break below 1789 with a 4h close, will allow for further decline down, as a first stage to 1760 hourly support.
A break above 1825 with a 4h close, will allow for target of 1920 weekly resistance to reach in the short-medium term.
Important levels range at the high 1790's and low 1800's.
Triple top between 2011-2013 on the weekly level show around 1800 - relevance to today is high.
A break above will be significant for the continuation of the uptrend breaking new highs.
On a fundamental level, needless to say, 10 trillion USD printed money together with overall lack of certainty and hysteria continue to push Gold higher.
Printed money dropping the US $ value and lack of real investment in equities don't provide much ground for drop of Gold price below important supports.
The range to sustain the pattern is 1789 - 1825.
A break below 1789 with a 4h close, will allow for further decline down, as a first stage to 1760 hourly support.
A break above 1825 with a 4h close, will allow for target of 1920 weekly resistance to reach in the short-medium term.
Important levels range at the high 1790's and low 1800's.
Triple top between 2011-2013 on the weekly level show around 1800 - relevance to today is high.
A break above will be significant for the continuation of the uptrend breaking new highs.
On a fundamental level, needless to say, 10 trillion USD printed money together with overall lack of certainty and hysteria continue to push Gold higher.
Printed money dropping the US $ value and lack of real investment in equities don't provide much ground for drop of Gold price below important supports.
ملاحظة
Just click 'play' to see a projection come to life! 'A break above 1825 with a 4h close, will allow for 1920 weekly resistance to be reached in the short-medium term'
Just weeks later, Gold didn't only reach 1920, it broke way higher and went to 2080 in just under 7 weeks.
A $300 catch in 8 weeks.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.