ForecastCity_ME

💡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 (1908.8). 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 45.

Take Profits:
TP1= @ 1850.30
TP2= @ 1815.95
TP3= @ 1787.10
TP4= @ 1744.65
TP5= @ 1688.45

SL: Break Above 1935.0

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ForecastCity English Support Team ❤️
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Comments

I'm keeping an eye on this chart.
+4 Reply
ForecastCity_ME Mehmetozdemi
@Mehmetozdemi, Hope you get the most out of your trades. We appreciate your comment.
+3 Reply
I appreciate your analysis. Well done!
+3 Reply
ForecastCity_ME yusufipek1989
@yusufipek1989, Thank you!
+3 Reply
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