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ForecastCity_ME
Oct 1, 2020 3:56 PM

2 Sell opportunity in XAUUSD , Mid-Term & Intraday Short

OANDA:XAUUSD60
GoldOANDA

Description

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Mid-Term Forecast:

Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1909.00).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. XAUUSD is in a downtrend and the continuation of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 48.

Take Profits:
TP1= @ 1851.00
TP2= @ 1817.75
TP3= @ 1747.00
TP4= @ 1695.00
TP5= @ 1557.00

SL: Break Above 1934.00

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Short-Term Forecast:

Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1909.00).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. XAUUSD is in a downtrend and the continuation of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 70.

Take Profits:
TP1= @ 1884.00
TP2= @ 1875.00
TP3= @ 1866.00
TP4= @ 1848.60
TP5= @ 1818.00

SL: Break Above 1925.00

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ForecastCity English Support Team ❤️
Trend AnalysisChart PatternsTechnical IndicatorsXAUUSDdollarGoldXAUUSDgolddollar
Comments
XAUUSDANALYSISWITHDEEAK
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you are legend
thanks sir
ForecastCity_ME
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@gdeepakshukla, We appreciate your comment.
Kristalyn
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Good forecast, hope to see more.
ForecastCity_ME
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@Kristalyn, We appreciate your comment.
ForecastCity_ME
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@Kristalyn,  We're glad you like it. 😊💚
ForecastCity_ME
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@Kristalyn,  We wish you all the best with your trades.
rjpview
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on monthly evening star like candle formed ..am correct..please clarify
ForecastCity_ME
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@Pushparaj8da302f28e2246bd, Yes, that's right.
ForecastCity_ME
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@Pushparaj8da302f28e2246bd, A small shooting star has been formed.
ForecastCity_ME
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@Pushparaj8da302f28e2246bd, However, the time frame is daily.
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