Gold Spot / U.S. Dollar
Long

gold to decline buy formation

135
no clear view to use trendline on #XAUUSD, last week there was crash which results in bullish movement of gold and others pair but now a decline limit of gold have come to form a second wave downtrend, Gold have made a long Bull to 1894 limit and made it's retrace back to 1880 limit because no enough Force to hold the 1894 limit now let's look for a long target of 1856 limit and short sell target at 1868.56 limit because the price will still break down according to second trend rejection price but it's possible to decline and break the 1895 limit but let's follow according to decline pattern.

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.