XAUUSD heavy support touch (trendline and daily support).

٨ مارس ٢٠٢١

Green path :Gold is in an important and strong support from :
1.daily support and
2.trendline of channel lower side
so we would expect at least some reversal candle and gain in price to our first target
Targets :
A. 1750(why? beacuse as you can see it was support on that area that turn to resistance )
B.1770

Red path :we expect gold don't fall any more from that green zone because we talk about the importance of that zone ,and if it break and retest get completed then the market will get mad new channel reach too and bearish candle will lead market for long time

previous analysis that start from high level of this channel and now we are in low level of channel now :

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1750 😎💚👍