๐กDon't miss the great sell opportunity in Gold (XAUUSD)
Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1848.92).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. Gold is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 23.
Take Profits:
TP1= @ 1830.74
TP2= @ 1816.68
TP3= @ 1792.64
TP4= @ 1766.74
TP5= @ 1744.73
SL: Break Above R2
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. . . . . Please show your support back,
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โค๏ธ Your Support is very much ๐ appreciated!โค๏ธ
๐ Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, โค๏ธ
ForecastCity English Support Team โค๏ธ
". There is still a possibility of temporary retracement to suggested resistance line (1848.92).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. Gold is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 23.
Take Profits:
TP1= @ 1830.74
TP2= @ 1816.68
TP3= @ 1792.64
TP4= @ 1766.74
TP5= @ 1744.73
SL: Break Above R2
โค๏ธ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the ๐ LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
โค๏ธ Your Support is very much ๐ appreciated!โค๏ธ
๐ Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, โค๏ธ
ForecastCity English Support Team โค๏ธ
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