Hey traders, XAUUSD already reached an important zone we've been monitoring, in the coming week we are monitoring XAUUSD for a selling opportunity around 1947 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
Hi Traders, See above short opportunity as gold rests on 786 FIB as well as order block after having filled the liquidity gap from previous impulse. We have the RSI maxed out as well as a touch of the rising wedge upper trend line. We have also extended from the EMA and MA to show a possible reversal to come. We have formed an AB=CD pattern ending at 1877...
Did some analysis and already took some profit but still see some potential shorts. Only time will tell.
#GOLD Touch The Top Level Area Then Going Back To Down Sell
gold is still looking for a strong support @1900, yesterday it tried up to 1905 before a retest. Again Gold is bouncing between 1922.4 and 1935.8 which was the only support and resistant level on yesterday trade on 1hr time frame . i see a fall again to 1900.