ForecastCity
Short

Don't miss the great sell opportunity in Gold

FX:XAUUSD   Gold Spot / U.S. Dollar
Trading suggestion:
. There is a possibility of temporary retracement to resistance support line (1280.90). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. XAUUSD is in a range bound and the beginning of downtrend is expected.
. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
. The RSI is at 29.

Take Profits:
TP1= @ 1272.90
TP2= @ 1260.60
TP3= @ 1240.55

SL= @ 1285.25
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Comments

Thanks for sharing the great sell opportunity in Gold.
+2 Reply
@fxniki, You're welcome.
+1 Reply
#COMEX CALL: SELL #GOLD SPOT AT RANGE ( 1465-1464) TP 1457 SL ABOVE 1472.0
+1 Reply
ForecastCity freytagsara1
@freytagsara1, thank for you comment!
Reply
Very thoughtful!
+1 Reply
ForecastCity Alexander_007
@Alexander_007, Thanks for your comment.
Reply
ForecastCity Ronnie_Dong
@Ronnie_Dong, Thanks for sharing your idea.
Reply
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