XAUUSD/Golds a decision making day
24/3 Journal
The drop to 1726 area from yesterday were going as planned, today the market will begin to retest yesterday's support turned resistance and go to a critical level of 1720-1718 area, this is where the decision is made
Scenario 1 if it breaks the 1720 area, its going down to 1704 area (the last heavy support of the current chart pattern)
Scenario 2 if it does not break the 1720 and head towards 1740 area it was a "false break of the yellow trendline" and will continue going bullish all the way up to 1800+
The drop to 1726 area from yesterday were going as planned, today the market will begin to retest yesterday's support turned resistance and go to a critical level of 1720-1718 area, this is where the decision is made
Scenario 1 if it breaks the 1720 area, its going down to 1704 area (the last heavy support of the current chart pattern)
Scenario 2 if it does not break the 1720 and head towards 1740 area it was a "false break of the yellow trendline" and will continue going bullish all the way up to 1800+
Haftungsausschluss
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