Let's see how XAU is behaving.
This is a 1H chart. (Short Term)
There are two resistance areas on the way up, pushing down on value.
Two support areas are holding the price up.
If the price crosses the local resistance, you can put the solid resistance as the target.
The RSI shows that XAU is above the 50 levels, the center.
If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings:
Current Market Price: $1853.63
Let me know your ideas.
Good luck.
This is a 1H chart. (Short Term)
There are two resistance areas on the way up, pushing down on value.
Two support areas are holding the price up.
If the price crosses the local resistance, you can put the solid resistance as the target.
The RSI shows that XAU is above the 50 levels, the center.
If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings:
Current Market Price: $1853.63
Let me know your ideas.
Good luck.
