PremiumAbd

GOLD under pressure (The Strong Resistance Area) 20/07

Short
PremiumAbd Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
We are still keeping our trades to the selling area as respectively to retracement level in which our first target is 1965 & can fall further in order to complete the pattern as W-shaped.
Trade active:
It started to fall from resistance finally so our first target will soon be hit with 200 pips...
Trade closed: target reached:
our first target reached successfully so now we will look ahead on further points which will be introduced in new analysis
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.