XAUUSD Gold Next Possible move is 2759! Read Description Hello Traders!
Gold looks full bearish can hit 2559! We can see a rising wedge in high time frame (H4) also Elliott wave giving same target because B correct move has been completed and times to give C corrective move till 2559-2504 that is the possibility for Gold in the current situation!
Resistance: 2648, 2660, 2685
Support: 2638, 2620, 2597
Stop Loss: 2660
Tp 2622
Tp 2610
Tp 2570
Tp 2504
Xauusdnews
XAUUSD. The price of gold will not have great volatility.Hello dear subscribers!
The price is between a key level and a support level.
The price will not be subject to major changes in the near future.
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This idea does not provide the financial advice.
XAUUSD Weekly View: Remain bearish testing major resistanceSell below 1250.00. Stop loss at 1310.00. Take profit at 1125.00.
Reason for the trading strategy:
We remain bearish below 1250 resistance (Fibonacci retracement, Fibonacci extension, horizontal overlap resistance) for a push down to 1125 support (swing low support, Fibonacci extension, Fibonacci retracement).
RSI (34) has made a bullish exit and warns off a potential further rise.
Stochastic (21,5,3) is seeing major resistance at 94% where we expect a reaction from.