XAUUSD - Daily Technical Analysis - November 9, 2023
👉🏻 As anticipated in our analysis from yesterday, one of the two plausible scenarios has come to completion, and the price is now on a trajectory towards the next support zone, aiming to rectify a portion of the imbalance that materialised on October 18th.
⚙️ The forthcoming challenge appears to be formidable, as this support zone represents a significant juncture. Notably, it was the same level that served as a robust resistance before succumbing to a pivotal breach on October 18th. This transition of the previous resistance into a support structure signifies a marked change in character on the daily timeframe, favoring an upward trajectory.
- potential bounce back from 1944-1938 - overall trend bullish - smaller time frame bearish - news today so keep that in mind
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.