Hello everyone
As XAUUSD making a green bar in weekly. we can see a bull channel taking form in 4 hours and lower time frames.If we consider the buy volume
which we got from less than 18 hours ago, we may get to see the price exceed 1860$ by the end of the week.
The double bottom pattern shows a good amount of buy in 4 hours chart, considering the exhaustion of bulls and to have a healthy bull trend we need some accumulation in some levels.This might happen under the 1850$ resistance level, but if the accumulation happens above 1850$ then we may get a bull flag pattern which will show a better future for GOLD.
As XAUUSD making a green bar in weekly. we can see a bull channel taking form in 4 hours and lower time frames.If we consider the buy volume
which we got from less than 18 hours ago, we may get to see the price exceed 1860$ by the end of the week.
The double bottom pattern shows a good amount of buy in 4 hours chart, considering the exhaustion of bulls and to have a healthy bull trend we need some accumulation in some levels.This might happen under the 1850$ resistance level, but if the accumulation happens above 1850$ then we may get a bull flag pattern which will show a better future for GOLD.