GOLD > Trend Prediction and Sell Entry!!
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Analysis on #XAUUSD
the market now is at a short-term support level, we could actually see a relief rally from here but it will get rejected, may at 1790-1800, the next level of resistance is 1810, do I want to buy? NO.
I have been consistently posting about gold and in every post, I caution about buying the market, I will leave the links to my previous post which you can read all about it.
am sure you have heard about the say, "the trend is your friend", the trend FOR ME is to the downside fundamentally and technically.
now we are below the 200MA, broken many important levels, and looking for more downside possible.
The best place for me to sell will be 1810, previous support level now turned to a resistance level, but we may not go there, so I will also consider 1790-1800 for a sell if provided a valid reason to enter a sell trade.
Check today analysis below⠀
>>“There is no single market secret to discover, no single correct way to trade the markets.”
____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
Analysis on #XAUUSD
the market now is at a short-term support level, we could actually see a relief rally from here but it will get rejected, may at 1790-1800, the next level of resistance is 1810, do I want to buy? NO.
I have been consistently posting about gold and in every post, I caution about buying the market, I will leave the links to my previous post which you can read all about it.
am sure you have heard about the say, "the trend is your friend", the trend FOR ME is to the downside fundamentally and technically.
now we are below the 200MA, broken many important levels, and looking for more downside possible.
The best place for me to sell will be 1810, previous support level now turned to a resistance level, but we may not go there, so I will also consider 1790-1800 for a sell if provided a valid reason to enter a sell trade.
Check today analysis below⠀
>>“There is no single market secret to discover, no single correct way to trade the markets.”
____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
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