Goldjunge

2 possible scenarios for Gold

FX:XAUUSD   Gold Spot / U.S. Dollar
77 0 1
Some fundamental signs are pointing a possible reverse on the downtrend of gold             .

The good trade when you match this with price action, trying to take the best timing

The first scenario is a break to the upside bouncing from the downside of the channel, that could be strong if it will squeeze the short sellers betting on a fall to the 1000 barrier

The second scenario is a retest of the support ( red line ) around 1046.87 before going to the upside

A confirmation with the RSI and Bollinger bands is important.

NOTE : I don't prefer to take the short side, which is too risky, stay neutral and wait for the best moment.

- It may be possible to go down for a test of the 1000$/once (yellow line) it could be a very good opportunity to go long ( if alined with RSI oversold and very close to the big channel ( blue descending channel )

EVERYTHING is possible !
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out