Hello Followers I am going to publish my technical setup on XAUUSD, So share your opinion in comments about my analysis..
XAUUSD is close to a major resistance area around 2947/2938.. Let me tell you that XAUUSD Has break the trendline very well and it has also retested it also.. Now it is giving rejection from the trendline area again and again.. According to me XAUUSD will go for short (bearish) because I think this should be end of bullish trend.. XAUUSD will move to the 1st Target around 2910 and then to the 2nd Target 2890.. I Have identified the short position in the chart as well..
KEY POINTS:
CURRENT PRICE 2933
RESISTANCE AREA 2947/2938
TARGETS:
1st TARGET 2910
2nd TARGET 2890
CANCEL TRADE 2953
XAUUSD is close to a major resistance area around 2947/2938.. Let me tell you that XAUUSD Has break the trendline very well and it has also retested it also.. Now it is giving rejection from the trendline area again and again.. According to me XAUUSD will go for short (bearish) because I think this should be end of bullish trend.. XAUUSD will move to the 1st Target around 2910 and then to the 2nd Target 2890.. I Have identified the short position in the chart as well..
KEY POINTS:
CURRENT PRICE 2933
RESISTANCE AREA 2947/2938
TARGETS:
1st TARGET 2910
2nd TARGET 2890
CANCEL TRADE 2953
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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.
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.