Gold has been moving in an ascending channel for over 5 days.
Gold was able to break the lower line of ascending channel.
In the last 16 hours, gold started to complete a pullback to the ascending channel, the ๐กsign๐ก of the completion of the pullback is the formation of a Bearish Engulfing Candlestick Pattern.
I expect gold to fall to at least a ๐ขheavy support zone($1904-$1886.40)๐ข after breaking the ๐ขsupport zone($1922.6-$1919.60)๐ข
I expect gold to continue its decline to the ๐ฏtargets๐ฏ I specified in the chart.
Gold Analyze ( XAUUSD ), 4-hour time frame โฐ.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the โ ' like'โ button ๐๐ & Share it with your friends; thanks, and Trade safe.
Gold was able to break the lower line of ascending channel.
In the last 16 hours, gold started to complete a pullback to the ascending channel, the ๐กsign๐ก of the completion of the pullback is the formation of a Bearish Engulfing Candlestick Pattern.
I expect gold to fall to at least a ๐ขheavy support zone($1904-$1886.40)๐ข after breaking the ๐ขsupport zone($1922.6-$1919.60)๐ข
I expect gold to continue its decline to the ๐ฏtargets๐ฏ I specified in the chart.
Gold Analyze ( XAUUSD ), 4-hour time frame โฐ.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the โ ' like'โ button ๐๐ & Share it with your friends; thanks, and Trade safe.
์กํฐ๋ธ ํธ๋ ์ด๋
์ฝ๋ฉํธ:
Gold is completing a pullback to the broken ๐ขsupport zone($1922.6-$1919.60)๐ข.
๊ฑฐ๋์ฒญ์ฐ: ํ๊ฒ ๋ฟ์
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๐Please follow us on Telegram for more analysis.๐ t.me/ProTrader_365
๐if you want to learn Technical Analysis = Please Contact me๐ t.me/Ad_ProTrader365