GOLD (XAUUSD) 17/05/2021

١٧ مايو ٢٠٢١

Here is my continuation analysis of Gold (xauusd). As we see right now Gold is breaking above the 1845 area which is the previous high last week and also breaking above the daily downtrend channel. This indicates to me that Gold still in bullish momentum. For today, I expect that Gold will retest the previous resistance area and also the channel downtrend before going to the upside again.

Disclaimer: This is my personal trading setup !! Please use this only for comparison with your own analysis.

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