XAUUSD-Gold analysis
-The Gold is not able to hold the 2000 mark, and after making the triple top, which is the bearish sign, now lands below the 1950 psychological level
-The LTP is 1937, which means again it will touch the previous week's low, which is near 1900-1880
-There is a slight bounce change near 1911-1905 for 1940-1950, but this is a short opportunity if the price remains intact at that level.
-The Fibonacci, 50 % of the uptrend, is near 1910-1908, so the chance is a slight dead cat bounce for the selling opportunity
- For long trade will near 1900-1980 with good risk reward
-Every rise is a short opportunity for sale if the price does not break the 1960 close.
-The LTP is 1937, which means again it will touch the previous week's low, which is near 1900-1880
-There is a slight bounce change near 1911-1905 for 1940-1950, but this is a short opportunity if the price remains intact at that level.
-The Fibonacci, 50 % of the uptrend, is near 1910-1908, so the chance is a slight dead cat bounce for the selling opportunity
- For long trade will near 1900-1980 with good risk reward
-Every rise is a short opportunity for sale if the price does not break the 1960 close.
Emotion Mein Insaan Hamesha Galati Karta Hai.
--------Disclaimer-----------
Charts are for educational purposes only. They provide insights, but the final decisions remain at your discretion.
--------Disclaimer-----------
Charts are for educational purposes only. They provide insights, but the final decisions remain at your discretion.
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