XAUUSD technical analysis

Gold is bearish, it broke through bears monthly target. 21 and 55 MA suggest that the speed is strong on the downside

XAUUSD daily

Price is approaching MS3 which might act as a stronger support regardless of the speed of the market.

XAUUSD H4

Price is seen to be falling at high speed on the H4 chart with minor retracements beyond weekly target.

XAUUSD H1

Price is bearish with 21 MA as dynamic resistance. There is a range forming between DPP and DM2, we might get a breakout on the downside towards DS2 as target for the day.

XAUUSD H1

Price is bearish with 21 MA as dynamic resistance. There is a range forming between DPP and DM2, we might get a breakout on the downside towards DS2 as target for the day.