XAUUSD > Possible Sell Setup for Gold!!
Updated
Analysis on #XAUUSD
Hello friends.
in my last post on gold, I was somewhat bearish or maybe predicting a bearish move, but in conditions,
speculative interest
inflation rate
looking at this chart, the first thing that catches my eyes is that RSI, and how it has been making lower highs while the market keeps making higher highs.
The second thing, the double top near 1900 and the break of the neckline.
Third, the break of short-term trendline support and restest only to back down.
however, it is not yet a sell as the market cake to its long-term trendline support and structural support and rallied from here.
but if the market will break and closes below 1850 I will sell gold targeting 1800-1790
Friend, if I am helping you somehow, you can also help me by liking this post and commenting below. much appreciated
Check today analysis below⠀
>>“In Trading Losses Are the Cost of The Wins, TradingAxis.”
____________________________________________________________________________⠀
-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
Hello friends.
in my last post on gold, I was somewhat bearish or maybe predicting a bearish move, but in conditions,
speculative interest
inflation rate
looking at this chart, the first thing that catches my eyes is that RSI, and how it has been making lower highs while the market keeps making higher highs.
The second thing, the double top near 1900 and the break of the neckline.
Third, the break of short-term trendline support and restest only to back down.
however, it is not yet a sell as the market cake to its long-term trendline support and structural support and rallied from here.
but if the market will break and closes below 1850 I will sell gold targeting 1800-1790
Friend, if I am helping you somehow, you can also help me by liking this post and commenting below. much appreciated
Check today analysis below⠀
>>“In Trading Losses Are the Cost of The Wins, TradingAxis.”
____________________________________________________________________________⠀
-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
Note
Previous Analysis of Gold
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