Search
Products
Community
Markets
News
Brokers
More
IN
Get started
Community
/
Ideas
/
Gold (XAUUSD) Daily Forecast Strong bearish!
Short
Gold (XAUUSD) Daily Forecast Strong bearish!
By usmand
Follow
Follow
Sep 16, 2020
4
Cheer
Cheer
3
3
Sep 16, 2020
Hi traders,
As you know *"Gold shows somewhere else and goes somewhere else"*.
when Monday opened the market, Gold hit the High of $1972.
and dropped rapidly to daily Support area $1951. shows some bearish pressure.
its simply means Gold was just trying to attract buyers.
Reason for sell:
US dollar index continuously going upside.
4hourly closed below 50MA.
May be touched Symmetrical triangle line.
Daily Targets:
$1938 and $1926
Every sytem has a Limiatation!
Chart Patterns
Harmonic Patterns
Trend Analysis
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the
Terms of Use
.