M PATTERN CREATED, CAN XAUUSD WILL FALL? [Read Caption]
Hello Followers I am going to publish my technical setup on XAUUSD, So share your opinion in comments about my analysis..
XAUUSD Has made a M pattern and now it will fall. XAUUSD Has also break the trendline support area and it has also retested it, Let me tell you guys XAUUSD is currently running at a major resistance area, the level of resistance is 2902/2912. According to me XAUUSD will go for short from the resistance and will reach to the first target 2880, let me tell you that 2880 is a support area, if Gold break 2880 then will reach for the second target 2945 that is also a demand zone 2848/2841. I have applied the Short Position also in the chart...
KEY POINTS:
CURRENT PRICE 2900
RESISTANCE 2902/2912
DEMAND ZONE 2848/2841
TARGETS:
1st TARGET 2880
2nd TARGET 2845
CANCEL TRADE 2825
XAUUSD Has made a M pattern and now it will fall. XAUUSD Has also break the trendline support area and it has also retested it, Let me tell you guys XAUUSD is currently running at a major resistance area, the level of resistance is 2902/2912. According to me XAUUSD will go for short from the resistance and will reach to the first target 2880, let me tell you that 2880 is a support area, if Gold break 2880 then will reach for the second target 2945 that is also a demand zone 2848/2841. I have applied the Short Position also in the chart...
KEY POINTS:
CURRENT PRICE 2900
RESISTANCE 2902/2912
DEMAND ZONE 2848/2841
TARGETS:
1st TARGET 2880
2nd TARGET 2845
CANCEL TRADE 2825
Trade closed: stop reached
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FREE TELEGRAM
t.me/+K2jx0G0f7HUxMTM0
t.me/+K2jx0G0f7HUxMTM0
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.