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XAUUSD❗What will happen next📈XAU / USD quotes continue to move within the growth and bullish channel. At the time of the publication of the forecast, the price of GOLD is 1805 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices broke through the area between the signal lines upward, which indicates pressure from buyers of the asset and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a decline and test the support level near the 1765 area. Where can we expect a rebound and a continued rise in the price of GOLD with a potential target above the level of 1880. Have a nice trade!
FOREXCOM:XAUUSDShort
by TradingAlchemist
2
XAUUSD❗What will happen next📈XAU / USD quotes continue to move as part of the correction and the formation of the "Triangle" pattern. At the time of the publication of the forecast, the price of GOLD is 1793 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. Prices broke through the area between the signal lines upward, which indicates pressure from buyers of the asset and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a decline and test the support level near the 1745 area. Where can we expect a rebound and a continued rise in the price of GOLD with a potential target above the level of 1880. Have a nice trade!
FOREXCOM:XAUUSDLong
by TradingAlchemist
2
XAUUSD🤑 Local resistance level?📈An additional signal in favor of raising the XAU / USD quotes will be a test of the support area on the relative strength index (RSI). The second signal will be a rebound from the upper border of the bearish channel. Cancellation of the option to raise GOLD prices on October 21, 2021 will be a fall and a breakdown of the level of 1705. This will indicate a breakdown of the support area and a continued fall to the area below the level of 1675. Expect an acceleration of the rise in XAU / USD quotes with the breakdown of the resistance area and closing of the price above the level of 1815, which will indicate a breakdown of the upper border of the "Triangle" model and the beginning of the pattern. Have a nice trade!
FOREXCOM:XAUUSDLong
by TradingAlchemist
2
USDCAD❗Retest resistance level⚡An additional signal in favor of reducing quotes will be a test of the resistance line on the relative strength index (RSI). The second signal in favor of the fall will be a rebound from the upper border of the descending channel. Cancellation of the option to drop the USD / CAD currency pair at Forex will be a strong growth and a breakdown of the 1.2595 area. This will indicate a breakdown of the resistance area and a continued rise in quotations to the area above the level of 1.2865. It is worth waiting for confirmation of the pair's fall with the breakdown of the support area and closing of the USD / CAD quotes below 1.2265. Have a nice trade!
Short
by TradingAlchemist
2
XAUUSD🤑 Retest support line📈XAU / USD quotes continue to move within the correction and left the descending channel. At the time of the publication of the forecast, the price of GOLD is 1779 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. Prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the asset and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a decline and test the support level near the 1760 area. Where can we expect a rebound and a continued rise in the price of GOLD with a potential target above the level of 1835. Have a nice trade!
FOREXCOM:XAUUSDLong
by TradingAlchemist
1
XAUUSD🤑 Retest support📈XAU / USD quotes continue to move within the fall and left the descending channel. At the time of the publication of the forecast, the price of GOLD is 1762 Dollars per Troy Oz. Moving averages indicate a short-term bearish trend. Prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the asset and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a decline and test the support level near the 1755 area. Where can we expect a rebound and a continued rise in the price of GOLD with a potential target above the level of 1835. Have a nice trade!
FOREXCOM:XAUUSDLong
by TradingAlchemist
1