YMGroup

GOLD exit from short accumulatin zone and ready to start decline

Short
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Hello TradingView community and my subscribers, please if you like ideas do not forget to support it with your like and comment, thank you so much and we will start.

Today I want talk with you about GOLD chart.

Price almost one week have accumulated in area 1750-1735 $

And price exit downward from range and already made retest.

For now I think gold price will slowly decline to main support level and target at 1700 $

We have two targets: 1st target is intermediate level 1715 $ and 2nd main target and round number 1700$.

So, I'm waiting for this scenario.

This is my opinion, I really hope this will be useful for you.

Be ready and take care your money. Have a great profit !
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.