Xauusdbuy
XAUUSD breaks the trendline in 15MIf XAUUSD (which represents the price of gold in US dollars) breaks a trendline in a 15-minute chart, it means that the price of gold has crossed and closed below a line that connects at least two previous price points, indicating a potential shift in the direction of the trend.
This could mean that a previous uptrend has potentially reversed, and the market sentiment may be turning bearish. It is important to note that a single trendline break in a 15-minute chart may not be enough to confirm a reversal, as it could also be a temporary correction before resuming the previous trend. Traders may use other technical indicators or wait for additional confirmation before making trading decisions.
XAUUSD SELL LIMIT @ 1945Reason For XAUUSD Fall
1. Breaked Out 1930 and ready to retest 1945
2. Stochastic and rsi indicates Bullish momentum
Fundamental Reason
1. If DXY break 101 and fall then gold will retest 1945 and later 1960
2. If take support here then gold may fall upyo 1899
Overall XAUUSD SELL LIMIT 1945
SL 1960
TP 1869
XAUUSD 1H BUY PROJECTIONReason for XAUUSD 1H Bullish
1. Stochastic Oversold in 1H Time frame and tends to Bullish
2. RSI 14 ISabove 50 and Bull trend in 1H
3. Clearly Obey Fibonacci retracement of 1669 whicj is golden ration
4. Retest the yesterday Low and make a Bullish
GOLD BUY 1672.80
SL 1665.00
TP 1681.50