ForecastCity_EU

Don't miss the great sell opportunity in XAUUSD

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1703.5). 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.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 28.

Take Profits:
TP1= @ 1664.75
TP2= @ 1641.00
TP3= @ 1624.80
TP4= @ 1588.45
TP5= @ 1565. 40

SL: Break Above R2

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ForecastCity English Support Team ❤️
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Comments

Keep This on my Radar This Week, Thanks a lot!
+2 Reply
Nice idea .
+2 Reply
thanks for your ideas
+2 Reply
Lovely analysis, think this could be a goer!
+2 Reply
ForecastCity_EU Mesutkashmar
Reply
Thank you for your insight
+2 Reply
Looking at this when its trading above 1705 +
+1 Reply
Easy to understand
+1 Reply
ForecastCity_EU Pro_Trader_007
Reply
This chart is really something else! Special!!
+1 Reply
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