Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1897.3). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XAUUSD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 30.
Take Profits:
TP1= @ 1872.70
TP2= @ 1862.25
TP3= @ 1848.45
TP4= @ 1816.60
TP5= @ 1791.85
SL: Break Above R2
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Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, â€ïž
ForecastCity English Support Team â€ïž
. There is still a possibility of temporary retracement to suggested resistance line (1897.3). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XAUUSD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 30.
Take Profits:
TP1= @ 1872.70
TP2= @ 1862.25
TP3= @ 1848.45
TP4= @ 1816.60
TP5= @ 1791.85
SL: Break Above R2
â€ïž If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the đ LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
â€ïž Your Support is very much đ appreciated! â€ïž
đ Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, â€ïž
ForecastCity English Support Team â€ïž
High Accurate AI-Generated forecasts for:
đ36 Forex Pairs
đ175 Cryptos
đ16 Stock & Currency Indices
đGold,Silver,Oil,Gas
â Best Profitable Trading Strategies
â in 9 languages
â since 2007
FREE Telegram đ t.me/forecastcity_com
đ36 Forex Pairs
đ175 Cryptos
đ16 Stock & Currency Indices
đGold,Silver,Oil,Gas
â Best Profitable Trading Strategies
â in 9 languages
â since 2007
FREE Telegram đ t.me/forecastcity_com