XAUUSD 12/05/2021
Technical Analysis:
As you can see in daily chart, XAUUSD has moved in downtrend channel since Sep 2020 to now. At this moment the price is near the channel resistance where Gold might break it then the price continue its movement toward the resistance levels and TP1 which are specify. Also we should pay attention that price consolidates above Fibo golden zone are and monthly support.
As you can see in daily chart, XAUUSD has moved in downtrend channel since Sep 2020 to now. At this moment the price is near the channel resistance where Gold might break it then the price continue its movement toward the resistance levels and TP1 which are specify. Also we should pay attention that price consolidates above Fibo golden zone are and monthly support.
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