Xauusd will continue to grow or start to fall.
Reason:
The market has reached the bottom of the channel and the support level. From there it started to grow a lot. We believe that it will continue to grow, but we cannot guarantee it because it is very close to a level of resistance that seems solid.
Tp1:1755.172 (The resistance level.)
Tp2: 1794.145 (It is the top of the descending channel.)
The two scenarios would be:
Scenario 1: The market will break the resistance level and will go up to the top of the channel.
Scenario 2: The market will not break the resistance level and will go down (but at least we reached the first TP:)).
Good luck!
Reason:
The market has reached the bottom of the channel and the support level. From there it started to grow a lot. We believe that it will continue to grow, but we cannot guarantee it because it is very close to a level of resistance that seems solid.
Tp1:1755.172 (The resistance level.)
Tp2: 1794.145 (It is the top of the descending channel.)
The two scenarios would be:
Scenario 1: The market will break the resistance level and will go up to the top of the channel.
Scenario 2: The market will not break the resistance level and will go down (but at least we reached the first TP:)).
Good luck!