Andrewmycomp

Andrewmycomp

Let's have a look at XAUUSD chart. Here we can draw some static horizontal supports and resistances, but the most important one is EMA200. I think EMA will come closer and closer to resistance with the price to form a triangle, and to pump GOLD higher than $1450. Make sense to buy around $1410 - $1415.

Andrewmycomp

It's clear that we have a bearish flag on 1h timeframe. I drew the possible RSI way and advise you to go SHORT from the top of a triangle, around $9570. The main target is $9000 support zone.

Andrewmycomp

In my opinion - it is the best time to SHORT