The current trend of gold is basically in line with my expectations, so today I must be 100% watching gold pull back.
Not to mention how much gold can fall today, as long as gold closes below 1990 today, it is very likely that this week's decline has just begun.
This trend of the long upper shadow line on the daily line will at least be maintained until the end of this week.
And here on the hourly chart, as long as it falls below 1985-80, then I think 1970 must be broken this time.
The hourly chart is currently supported around 1965, and the Fibonacci 618 position on the daily chart is here at 1955.
So I predict that the low point of this wave of short-term trend will most likely appear here in 1965-55.
Trade closed: target reached
Trade active
XAUUSD: Around 1995 SellNote
XAUUSD: Sell remains on Hold, remains bearishTrade active
continue to keepTrade active
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Note
Gold is going to fall below 2700 points.If you don’t know where to start trading, you can join the channel and get accurate trading signals
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If you don’t know where to start trading, you can join the channel and get accurate trading signals
👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Contact me to copy trading:
t.me/Reliable_Trading1
👊Join the free Telegram group:
t.me/Reliable_Trading0
🏆Contact me to copy trading:
t.me/Reliable_Trading1
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.