Forex_Times

💡 Gold: will the trend decline continue?

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
📌 Should a successful test of the limit seller (1775.37), which is reinforced by the close of the week balance (1775.00), expect a decline to close the day to the limit buyer (1761.27).
📝 In case of breakdown and fixation below limit buyer (1761.27) we expect continuation of medium-term impulse to hedge support zone (1751.31).
In case of break and fixation above the limit seller (1775.37), the final medium-term upside target for the current week will be the market maker's loss level (1808.08).
🤔 Like the idea? 👍 like it ✍️ write a comment
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.