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03.05.2023 XAUUSD Gold Forecast

My previous idea played out as expected as the price hit my target.

Currently, the market is moving towards the resistance zone after bouncing off the support level.

The price action formed a descending channel on the 4H timeframe, which the market broke through recently.

However, I anticipate another pullback to the support level and range zone before the market continues its upward trend.

Of course, this assumption is based on the condition that any upcoming news doesn’t shift the market trend from bullish to bearish.

My goal is to reach the resistance zone around 2030.

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The post 03.05.2023 XAUUSD Gold Forecast appeared first on Exness Global, Exness Indonesia, Exness Turkey, Exness South Korea, Exness Japan, Exness India, Exness Thailand, Exness South Africa.



This post first appeared on Free Trading Signals For Forex Traders, please read the originial post: here

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03.05.2023 XAUUSD Gold Forecast

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