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Potentially retest the broken trendline
Gold Spot / U.S. Dollar
Short
Potentially retest the broken trendline
By GoldCartel
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Updated
May 28, 2021
7
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3
3
May 26, 2021
DXY Potentially a falling wedge
Invalidation:
- This analysis fails if the price breakout and close above the upper channel line and August - September 2020 Demand zone
Catalyst:
- Price action
- GDP
- US Unemployment
- PCE
- PMI
- DXY falling wedge
May 26, 2021
Note
Target 1, Done
May 28, 2021
Note
Target 2, Done
May 28, 2021
Note
The most vital support right now at the 1880 zone. Buyer will get in BIG time at that zones trying to push gold up to 1912 and 1950.
If the price can break out and close below the 1880 zone, then it confirmed it would fall to 1840-50 zones.
Jun 1, 2021
Note
London and US session trades
Entry zone
CMP
we trade the same analysis and in the same levels
Jun 3, 2021
Note
Target 1, 2 and 3, DONE !
Candlestick Analysis
Gold
goldanalysis
goldcartel
goldforecast
Supply and Demand
Trend Analysis
XAUUSD
xauusdforecast
xauusdsignal
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