Gold creating symmetrical triangle pattern. Gold seems more bullish if it closes above 1935 levels. One can take an entry in gold above 1935 with SL of 1932 and target 1938 - 1941 - 1945 - 1949.
🔹FX SIGNAL
GOLD SELL 1629.30
SL 1640.00
TP 1615.50
Reason For Short SELL
1. RSI below 50 and tends to be bearish in 1H trend
2. Stochastic Indicates sell due to asset overbiught and cross below 80 and confirm sell
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FX SIGNAL
GOLD BUY LIMIT 1620-25
Sl 1590.00
Tp 1730.50
Reaon For XAUUSD GOLD BUY
1. Retest Yearly Low and rebound the major Resistance
2. Fibonacci Indicates teg Bullish
3. RSI over sold an tends to be bullish
Okay, so, last week we have seen a beautiful rebound from 1671 levels which will be acting as strong support. On the other hand, gains are still capped till 1740 as this level is tested approximately 4 times in the daily chart. So, it is clearly showing strong resistance at 1740. If this level breaks, bulls will face immediate resistance at 1667, but it may get...
