GOLD and the two scenarios.

GOLD - XUAUSD Analysis.


10/24/20220 min read

Hello, dear TradingView members.

This idea is a GOLD analysis.

GOLD just got rejected by the solid resistance and then landed on the local support again.

There are two possible scenarios:

First scenario:

The price will continue to rise and get rejected by the local resistance level.

Second scenario:

The price can go back on support and pump, pass the local resistance and retest the solid resistance level.

RSI is Neutral, so the price has room to go down or up.

Keep in mind: ANY news about this asset can cause a big pump or dump now!

Let me know if you guys have any questions;

I will be more than happy to help.

Good luck, and thank you.

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