OANDA:XAUUSD   Gold Spot / U.S. Dollar
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9
DAILY CHART
DAILY SUPPORT( YELLOW) ,PRICE HAS BEEN REJECTED MULTIPLE TIMES.
Comment: NUMBER OF CASES IS RISING,MORE CHANCES TO THE UPSIDE
Trade closed manually

Comments

Hi Uditjain. How are you able to trade Forex in India....? Please suggest. Which broker to use...?
+4 Reply
The yellow line is tested 5 times already and the support has become weak and a lower high formation has taken place already. It is likely to break downwards instead of moving up. Cheers. :)
+2 Reply
@aman_saha, absolutely.. saw this today.. and that's what actually happened.. break of descending triangle
+1 Reply
What I think is, the more price tested the more weaker it will be, hence it will reverse from here ..
+2 Reply
Nice technical analysis. Keep it up
+1 Reply
uditjain41 GoldCartel
@GoldCartel, Thanks
Reply
Do You Trade Forex..
If Yes Then How ?
Reply
@this level big players are trying to retail traders think prices may move up but from here prices may reverse giving them edge to fill their orders Quickly by hitting retail Stop-losses
Reply
Nice analysis..
Reply
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