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ForecastCity_ME
Jun 3, 2021 10:34 PM

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

FX:XAUUSD240
Gold/U.S. DollarFXCM

Description

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Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1897).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. XAUUSD is in a downtrend, and the continuation of the downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 27

Take Profits:
TP1= @ 1875
TP2= @ 1848
TP3= @ 1828
TP4= @ 1797
TP5= @ 1762

SL: Break Above R2

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ForecastCity English Support Team ❤️
Trend AnalysisChart PatternsTechnical IndicatorsGoldgoldusdgoldanalysisgoldshortBearish Patternsshortterm
Comments
Mehmetozdemi
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Good analysis, simple & clear.
ForecastCity_ME
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@Mehmetozdemi, Thank you for your comment. We appreciate it.
davidgolandak
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Great analysis, thanks for sharing
ForecastCity_ME
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@davidgolandak, We're glad you like it. 😊💚 We hope you make the most out of it.
carefulOwl22772
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You are great as always!
ForecastCity_ME
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@carefulOwl22772, Thank you. We appreciate your support.
AjayVasantada
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Is this still going as per your analysis?
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