XAUUSD-Gold analysis
-The Gold is not able to hold the 2000 mark, and after making the triple top, which is the bearish sign, now lands below the 1950 psychological level
-The LTP is 1937, which means again it will touch the previous week's low, which is near 1900-1880
-There is a slight bounce change near 1911-1905 for 1940-1950, but this is a short opportunity if the price remains intact at that level.
-The Fibonacci, 50 % of the uptrend, is near 1910-1908, so the chance is a slight dead cat bounce for the selling opportunity
- For long trade will near 1900-1980 with good risk reward
-Every rise is a short opportunity for sale if the price does not break the 1960 close.
-The LTP is 1937, which means again it will touch the previous week's low, which is near 1900-1880
-There is a slight bounce change near 1911-1905 for 1940-1950, but this is a short opportunity if the price remains intact at that level.
-The Fibonacci, 50 % of the uptrend, is near 1910-1908, so the chance is a slight dead cat bounce for the selling opportunity
- For long trade will near 1900-1980 with good risk reward
-Every rise is a short opportunity for sale if the price does not break the 1960 close.
Emotion Mein Insaan Hamesha Galati Karta Hai.
--------Disclaimer-----------
Charts are for educational purposes only. They provide insights, but the final decisions remain at your discretion.
--------Disclaimer-----------
Charts are for educational purposes only. They provide insights, but the final decisions remain at your discretion.
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.