Don't miss the great sell opportunity in XAUUSD
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1731.0). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XAUUSD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 27.
Take Profits:
TP1= @ 1711.43
TP2= @ 1691.60
TP3= @ 1670.30
SL: Break Above R2
. There is still a possibility of temporary retracement to suggested resistance line (1731.0). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XAUUSD is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 27.
Take Profits:
TP1= @ 1711.43
TP2= @ 1691.60
TP3= @ 1670.30
SL: Break Above R2
High Accurate AI-Generated forecasts for:
🌟36 Forex Pairs
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🌟16 Stock & Currency Indices
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âś… Best Profitable Trading Strategies
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FREE Telegram 👉 t.me/forecastcity_com
🌟36 Forex Pairs
🌟175 Cryptos
🌟16 Stock & Currency Indices
🌟Gold,Silver,Oil,Gas
âś… Best Profitable Trading Strategies
âś… in 9 languages
âś… since 2007
FREE Telegram 👉 t.me/forecastcity_com
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