XAUUSD 1H Diagram Technical Analysis shows the following:
The XAUUSD 1H is trying to solve a possible bottom pattern that seems to be an inverted Head & Shoulder opposite the US Dollar.
The 1095.8 level is very strong support & resistance too. On this level there are SMA(30), Kijun Sen and previous prices of the XAUUSD.
It is almost the reverse pattern of the US Dollar Index (see analysis in related ideas).
The pair is above the KUMO (1H)
I think of a reaction to previous level of decline @ 1132.
SL < 1086.50
The XAUUSD 1H is trying to solve a possible bottom pattern that seems to be an inverted Head & Shoulder opposite the US Dollar.
The 1095.8 level is very strong support & resistance too. On this level there are SMA(30), Kijun Sen and previous prices of the XAUUSD.
It is almost the reverse pattern of the US Dollar Index (see analysis in related ideas).
The pair is above the KUMO (1H)
I think of a reaction to previous level of decline @ 1132.
SL < 1086.50
