XAUUSD
After landing at the support at 1629 and correcting its MA8, XAUUSD broke the support and entered the range of the 1617 - 1628 area. The price most likely will make a correction today before dropping back and landing at 1617. The MA Pattern is still showing a strong downtrend but still Be careful with the Daily and Weekly corrections that are starting to move away from the MA.
Possible to take
SELL LIMIT 1639 SL 1652 TP 1618
R3 1668.290
R2 1659.800
R1 1646.100
PV 1628.440
S1 1616.870
S2 1608.120
S3 1594.000
After landing at the support at 1629 and correcting its MA8, XAUUSD broke the support and entered the range of the 1617 - 1628 area. The price most likely will make a correction today before dropping back and landing at 1617. The MA Pattern is still showing a strong downtrend but still Be careful with the Daily and Weekly corrections that are starting to move away from the MA.
Possible to take
SELL LIMIT 1639 SL 1652 TP 1618
R3 1668.290
R2 1659.800
R1 1646.100
PV 1628.440
S1 1616.870
S2 1608.120
S3 1594.000