XAUUSD GOLD SELL ANALYSISHere on Gold price has made a rebound around 2255.000 showing that the seller are about to take control so is important to go go SHORT and targeting profits should be around 2234.000
Xaussdsell
XAUUSD SELL bearish marketHello to all traders
Here is my view for Gold
Pay attention to the highlighted area and sell after the confirmation
You can see my previous ideas for this pair and eurusd🙏
Dont use more than 2% of your capital and trade safe,dont try to take revenge from the market
Wish you an excellent trading week👍
Trade safe
Xauusd:It's the key choice point again
Due to the recent hawkish rhetoric of Fed policymakers, everyone hopes that the Fed can achieve its goal of suppressing inflation, so gold prices fell again on Wednesday.
Pay attention to the data on U.S. unemployment benefits today
Today, gold fell as low as 1945, and the position of 38.2% of the Fibonacci retracement in the upward period from 1810 to 2007 was near 1933. If it did not fall below this data, gold would not be considered a real complete decline.
The current trend belongs to a small cyclical decline in a large cyclical pullback. You may have discovered that if you have to wait for a rebound to sell, but gold can't reach the resistance range.
Today's entire golden state just happens to be bullish and dare not enter, bearish and dare not chase, coupled with the 4-hour divergence of the indicators RSI and MACD, I still think it is possible to rebound today and then fall.
The suppression point of the decline and rebound is near the mid-Bollinger band of the daily cycle 1970
We need to pay attention to the upper resistance point range:
1962-1970
1953-1958
Pay attention to the range of support points below:
1941-1945
1933-1938
When gold reaches the support range for the first time today, you can buy in small batches based on your own funds, set a stop loss, and increase your success rate of profit.
In a downtrend, you can sell when you reach the resistance range
If you don't know how to trade, join me and let us learn together to improve the success rate
