XAUUSD - Channel pattern - Big break !!
Price forming a channel pattern and as discussed in the previous analysis, price has no room to move further as it was squeezed to its maximum limits was expected a break and it breaks down strong.
One can expect a small retest of the breakout levels and expect the price to move further down to the channel as per the pattern. Keep an eye on the support levels.
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One can expect a small retest of the breakout levels and expect the price to move further down to the channel as per the pattern. Keep an eye on the support levels.
If you find my analysis helpful . . . . . Please show your support by hitting 👍 LIKE button,
Your Support is very much 🙏 appreciated!
Komentarz:
Took the channel support as expected and went up to the channel top and trading around the top.