XAUUSD has been ranged for the past 7 days within the 2010 Resistance (1) and 1935 Support (1).
The RSI (1d) is inside a Channel Down, which is a Bearish Divergence.
A similar pattern was formed in late January and was an early signal of a top formation that broke aggressively downwards to and even under the MA50 (1d).
Trading Plan:
1. Sell on the current market price or if you want a confirmed signal, after Support (1) breaks.
Targets:
1. 1895 (on the MA50 (1d) and above Support 2).
Tips:
1. The MA100 (1d) was the trendline that supported Gold on the February 28th Bottom. It is not unlikely to see the market target this level again long term.
Please like, follow and comment!!
The RSI (1d) is inside a Channel Down, which is a Bearish Divergence.
A similar pattern was formed in late January and was an early signal of a top formation that broke aggressively downwards to and even under the MA50 (1d).
Trading Plan:
1. Sell on the current market price or if you want a confirmed signal, after Support (1) breaks.
Targets:
1. 1895 (on the MA50 (1d) and above Support 2).
Tips:
1. The MA100 (1d) was the trendline that supported Gold on the February 28th Bottom. It is not unlikely to see the market target this level again long term.
Please like, follow and comment!!
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.
Join our private Telegram signals channel, with +70% accuracy for forex and crypto! 🎉
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
Also doing account management, earn +15% monthly profit!
👉CONTACT: t.me/tradingbrokersview
Stop gambling with your trades! 🎰
Start being profitable! 💰
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.