Xauusdupdates
XAUUSD BUY PROJECTION AFTER SHORT SELL ANALYSISTechnical Reason Behind the Buy
1. Retest the Support and trendline of 1830-1840 after the Huge Fall
2. If the Market retest tehZone of 1830 then See a Clear Strong Sell Candle which make the THree strike whiteline Pattern Formation and make the Further buy
Fundamental Reason
1. Dxy clear Downtrend in 1d candle and Make teh short Buy correctioj ober 103.8
2. After the retest Gold Moves to 1830 and after the Downtrend Continuation tha XAUUSD maker Higher high to 1960
Over all Possible outcomes
XAUUSD BUYLIMIT 1830-40
TP 1940
SL 1810
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
Double Top breakout or False breakout #xauusd #gold #gc #xauDouble top breakout in #xauusd. I think will get confirmed after this weeks #FOMC whether is a false one or not.
If confirmed, minimum target = 1450/1400$
Technically, dollar index #dxy looking bullish in longer time frame so quite possible of the #gold targets given above. Only time will tell.
#fingerscrossed.
Happy Trading.