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Michael_Winner
Jun 28, 2022 11:52 AM

GOLD trades in triangle near support line which price can break Short

Gold / U.S. DollarFOREX.com

Description

Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in comments, we will try to answer for all, thank you guys.

The price is clamped between support and resistance lines.
But price very close to support line which price can break down.
Good trading plan will be, waiting breakout and to open short on retest or after 1h candle will close below support line.
I think gold will continue to decline and my targets 1787 and 1750 USD.

I expect this scenario, so be prepare for next movements.
Thanks for your time, we hope our work is good for you, and you are satisfied, wish you a good day and big profits.
Comments
UnitedSignals
Great outlook!
AtlasTrades
Nice XAU/USD outlook mate, I mostly agree with you
YMGroup
Great gold analysis buddy, thanks for this chart !
Michael_Winner
Be free to ask any your question here in the comments.
UnknownUnicorn4430035
@Michael_Winner, thanks for sharing your idea! Obviously, it's based on technical analysis. What about the fundamental reasons?
SignalProvider
Nice chart, mate!
ShawnMCR
Amazing GOLD idea buddy. 💎
Metalixt
great idea
Solldy
I think it might work. Before reading the idea, I did my own analysis of this asset and also came up with a similar scenario for the price movement.
DeGRAM
Thank you. Great job. Two thumbs up!
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