XAUUSD 11/08: Weekend signal

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Technical outlook XAUUSD

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Technically, nothing seems to have changed for Gold price in the near term, as the bearish 14-day Relative Strength Index (RSI) continues to back the downside bias.

Any pullback in the Gold price, therefore, will be seen as a good selling opportunity.

On the upside, the Gold price recovery needs to crack the $1,930 round figure, above which the downward-sloping 50 DMA at $1,941 will be the next key hurdle.

Further north, the bearish 21 DMA at $1,949 will be on Gold buyers’ radars.

Alternatively, daily closing below the key support of the $1,910 level will challenge the critical 200 DMA at $1,900.

A sustained break below the latter will put the June 29 low of $1,883 to the test.

*Noticeable signal of the day*

BUY XAUUSD 1906 - 1910

SL : 1900

TP 1: 1915
TP 2: 1920

SELL XAUUSD 1925 - 1928

SL : 1935

TP 1: 1920
TP 2: 1915

Attention: Install TP, SL to win the market
액티브 트레이드
액티브 트레이드
The strategy is still on the right track
노트
ENTRY BUY is ready
액티브 트레이드
Buy signal at 1906 is ready💟💟💟
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