Gold is in strong downtrend and can clearly see more big red candles than the green ones which suggests the price has tendency to go lower. We already had a Pullback at 1795.36 and the second Pullback might happen again which would make a double top at 1795.36, but if it doesn't happen we expect the price to go lower to at...
Conseil de trading :
". Il existe toujours une possibilité de retracement temporaire vers la ligne de résistance suggérée (1897).
si tel est le cas, les commerçants peuvent fixer des ordres en fonction de l'action des prix et s'attendre à atteindre des objectifs à court terme."
Analyse technique :
. L'XAUUSD est dans une tendance baissière et la poursuite...
". There is still a possibility of temporary retracement to the suggested resistance line (1897).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
. XAUUSD is in a downtrend, and the continuation of the downtrend is expected.
. The price is above the 21-Day WEMA, which acts...
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I have observed the potential wealth creator trade in gold.
I see a clear down trend for short time trade and we can enter the market in a pritty good risk to reward.
as per analysis Point 2 is considered as Stop loss & Point 3 as Target.
As you can see in the analysis.
If any questions please text me up.
The counter XAUUSD is in the descending triangle from 31st March. The support baseline at the price 1676.48 and the resistance trend line at the prices 1755.62 and 1745.98 together form a descending triangle. Today the price is moving near the resistance line and it is expected move downwards. The bearish trend of the counter may continue further in...
Gold against dollar , pair trending lower for several week from year started, now its almost ready to touch the support at 1655 price zone, we have to wait to witness a bounce back..but Dominating USD affects the Gold moves..
Analysis only for education purposes
I dont know what to say, please see my all posts of gold, Gold sell call given at 52320 with sl of 52550 which was ascending channels high when i posted the chart previously, it made high of 52520 and touched the lower level of channel, infact it tried to make low around the level where the channel actually started, which was the final target of ascending channels...