FOREXCOM: XAUUSD THE TEND LING ARE GIVING THE SUPPORT A LONG COULD BE TAKEN AT TEH SUPPORT AND SHORT WOULD BE AT POINT D OF THE PATTERNS This is for education and information purpose only
Expected trading range: 11150 - 11010 Support @ 10980-90 Chart tells the rest ;)
ONLY if fails to hold above 447 or ONLY if holds below 447 look to short for target 412, which will fill the gap eventually. Regards, Sharma yogesh
IT HAS STRONG BEAR FORMATION SO IT MAY GO DOWNTREND.IF IT BREAKS THE S1 LINE IT HAS A CHANCE TO GO UPTO S2 LINE.
ALREADY IT CROSSED SUPPORT ZONE STRONGLY AND ALSO IT HAS STRONG BEARISH MOVEMENT SO IT WILL GO DOWNTREND UNLESS IT FORM STRONG BULLISH SIGNAL.
ALREADY IT CROSSED THE SUPPORT LINE STRONGLY AND ALSO IF IT FOLLOWS THE TREND LINE IT MAY GO DOWNTREND.OTHERWISE IT HAS A CHANCE TO GO UPTO RESISTANCE LINE.
IF IT BREAKS THE TREND LINE STRONGLY IT MAY GO UPTREND.OTHERWISE IT HAS A CHANCE TO GO DOWNTREND .
FOREXCOM:XAUUSD TRADE PLAN SHOULD BE TO SELL ON rising CLSOE TO RESISTANCE This chart for learning and educational purpose only.