Home Polls & Quizzes XAUUSD: Which Way Will the Price Make Its Next Breakout?

XAUUSD: Which Way Will the Price Make Its Next Breakout?

126
0

XAUUSD has been having a strong bullish trend for several months. On the H4 chart, the price seems to have found a strong level of resistance. The price had several rejections from the level. The resistance level may end up producing a double top and drive the price towards the downside. We must not forget big time frames such as the Weekly and Monthly are still with the Bull.

Nevertheless, the H4 price action may make them have consolidation or correction. The buyers are to wait for an upside breakout and go long. On the other hand, the H4 sellers are to wait for a double top and a downside breakout. Let us have a poll on this.

Scenario 1: The price is to make an upside breakout and keeps going towards the North.

Scenario 2: The price is to make a downside breakout and go towards the South.

Which Way Will the Price Make Its Next Breakout?

LEAVE A REPLY

Please enter your comment!
Please enter your name here