XAUUSD - Gold waiting for an important week
In 4H timeframe, gold is moving above the EMA200 and EMA50 in its ascending channel
Gold is still trading in its range box, and geopolitical tensions and the strengthening of the dollar have not led to its failure to rise or fall so far
As long as gold is in this range, the best strategy will be to buy at the bottom and sell at the top
breaking of the two drawn upward and downward trend lines is the first warning in the direction of changing the trend, but the stabilization above the support and resistance ranges will provide the path for gold to break this range box in an authentic way
The potential target of this upward and downward movement will be the ceiling and bottom of the ascending channel
It should be noted that if Anas moves downward, we will look for medium-term gold buying positions at the bottom of the channel
Gold is still trading in its range box, and geopolitical tensions and the strengthening of the dollar have not led to its failure to rise or fall so far
As long as gold is in this range, the best strategy will be to buy at the bottom and sell at the top
breaking of the two drawn upward and downward trend lines is the first warning in the direction of changing the trend, but the stabilization above the support and resistance ranges will provide the path for gold to break this range box in an authentic way
The potential target of this upward and downward movement will be the ceiling and bottom of the ascending channel
It should be noted that if Anas moves downward, we will look for medium-term gold buying positions at the bottom of the channel
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