Gold is heading to towards 1210 if 1241 cannot hold
Red lines are weekly S/R
Green lines are daily trend lines
Graph speaks for itself really,
XAUUSD
is within the channel, but since it hit the trend line at 1295, I believe that's the max
XAUUSD
can gain up to.
Once price lower to 1250 and break that and also 1241, it will be "free fall" to 1213 with no weekly support like to support the price at all.
I'm short now.
Green lines are daily trend lines
Graph speaks for itself really,
XAUUSD
is within the channel, but since it hit the trend line at 1295, I believe that's the max
XAUUSD
can gain up to. Once price lower to 1250 and break that and also 1241, it will be "free fall" to 1213 with no weekly support like to support the price at all.
I'm short now.
Trade active
Comment:
Comment:
After last night 1241 support pierced down, now it's time to break 1236, there may not be retest back to 1241 but we will see.