Gold has been moving in an ascending channel for over 5 days.
Gold was able to break the lower line of ascending channel.
In the last 16 hours, gold started to complete a pullback to the ascending channel, the đĄsignđĄ of the completion of the pullback is the formation of a Bearish Engulfing Candlestick Pattern.
I expect gold to fall to at least a đąheavy support zone($1904-$1886.40)đą after breaking the đąsupport zone($1922.6-$1919.60)đą
I expect gold to continue its decline to the đŻtargetsđŻ I specified in the chart.
Gold Analyze ( XAUUSD ), 4-hour time frame â°.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the â ' like'â button đđ & Share it with your friends; thanks, and Trade safe.
Gold was able to break the lower line of ascending channel.
In the last 16 hours, gold started to complete a pullback to the ascending channel, the đĄsignđĄ of the completion of the pullback is the formation of a Bearish Engulfing Candlestick Pattern.
I expect gold to fall to at least a đąheavy support zone($1904-$1886.40)đą after breaking the đąsupport zone($1922.6-$1919.60)đą
I expect gold to continue its decline to the đŻtargetsđŻ I specified in the chart.
Gold Analyze ( XAUUSD ), 4-hour time frame â°.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the â ' like'â button đđ & Share it with your friends; thanks, and Trade safe.
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Kommentera:
Gold is completing a pullback to the broken đąsupport zone($1922.6-$1919.60)đą.
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