ForecastCity_ME

💡Don't miss the great sell opportunity in Gold (XAUUSD)

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1848.92).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. Gold 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 23.

Take Profits:
TP1= @ 1830.74
TP2= @ 1816.68
TP3= @ 1792.64
TP4= @ 1766.74
TP5= @ 1744.73

SL: Break Above R2

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ForecastCity English Support Team ❤️
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