XAU/USD LONG

Long

Gold Spot / U.S. Dollar (OANDA:XAUUSD)

OANDA:XAUUSD Gold Spot / U.S. Dollar

Trend Analysis

1331 views

trendanalysis

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...?

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. :)

aman_saha

@aman_saha, absolutely.. saw this today.. and that's what actually happened.. break of descending triangle

What I think is, the more price tested the more weaker it will be, hence it will reverse from here ..

Nice technical analysis. Keep it up

GoldCartel

@GoldCartel, Thanks

Do You Trade Forex..
If Yes Then How ?

@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

Nice analysis..