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ForecastCity
Jul 15, 2021 10:05 AM

💡Don't miss the great sell opportunity in XAUUSD Short

Gold/U.S. DollarFXCM

Description

Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1854.75).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. XAUUSD is in a uptrend, and the beginning of a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 64.

Take Profits:
TP1= @ 1829.45
TP2= @ 1813.75
TP3= @ 1791.05
TP4= @ 1772.60
TP5= @ 1750.65

SL: Break Above R2

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Comments
carefulOwl22772
I really appreciate your work.
ForecastCity
@carefulOwl22772, Thank you. We appreciate your support.
yusufipek1989
A lot of useful information. 👌 Thank you
ForecastCity
@yusufipek1989, You're welcome! Thank you as well for your comment.
Mehmetozdemi
Good, simple & clear analysis.  Thank you for sharing
ForecastCity
@Mehmetozdemi, You're very welcome! We hope you enjoy it.
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