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XAU/USD OUTLOOK FOR THE WEEKIF YOU FOUND THIS ANALYSIS USEFUL YOU CAN SUPPORT BY LEAVING A 'LIKE' GOLD ANALYSIS 6/7/20 I have linked my last analysis regarding this pair below please check it out! We have come to an interesting area to watch. Price has started a new trend and it is heading down however, price has 1 support level to take out to be free we have tested this support level only once, after this new trend down. We are looking for intra-day to the upside to meet the trend line which will act as ress This is the are to watch! We can see 2 possible situations unfold based if this resistance can hold IF we fail to hold and break ress, we can make a new higher high if we fail to break ress, we can see a higher low
FX_IDC:XAUUSD
by illDior
2
XAUUSD: $1707 Next Short TargetFirst off, please don't take anything I say seriously. As always, this is on opinion basis. That being said, let me get into a few points. Right now, Gold is very bullish on the Forex market, and in most financial markets in general. The demand curve is seemingly going up. This is why it also has long potential. However, for a short term self-off target for Gold (since I prefer doing shorts for day trades), the target I would set-off is $1707, then reinvest in the dip couple dollars down and so forth following the day's range trendline.
FOREXCOM:XAUUSDShort
by gamer456148