Gold ForecastingGold tacking breath after a big short last week, in 4H, gold start to create reverse head and shoulders to retest the upper line of downtrend line at 1750-1760, where also will retest the last support which will turn to resistance.
Technically: Gold still running in down trend until 1650 where is the down line of the trend .
Fundamentally: strength of USD and increasing of 10 years USD Yield is pushing on gold to more decreasing.
Good luck to everyone.
Don't forget to like and comment if you like my analysis
Yousef Ali
Goold
XAUUSD Gold | SWING - 13 Oct. 2020Hello my friend | Welcome Back.
Please support this idea with LIKE if you find it useful.
***
If the support is not broken, it will rise to the aforementioned resistance, The probability might be low because it is in a downtrend.
***
Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts.
***
The information given is not a Financial Advice.