Do you think GOLD will go further down?XAUUSD - Do you think GOLD will go further down?
Trend: Buy/ Neutral BUT IF..
Support/Resistance:
R1: 1480.428
S1: 1459.407
S2: 1407.433
Price action:
Sellers weekly candle end up very powerful from sell side perspective. Buyers might get away for a while, but if they're able to hold under S1, then trending will show who from the market paticipants is more powerfull. If the price break below S1, then we might see potencial sell targets to S2
Potencial trade idea:
Bulls targets:
T1: 1480.428
Bears targets:
T1: 1407.433
NOTE – We are trading XAUUSD via the preferred trading setups
ELITEFXACADEMY
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