Lingrid

GOLD: fall after consolidation

Short
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
The price made a false breakout of the strong level formed from August 2020. I look forward to a fall after consolidation below the level. The target I'm interested in is support level 1764

Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩‍💻

Comments

I am bullish and my closest price target is 1850 USD per ounce. You have been bearish for 3 months now and missed all your targets. Not cool.

+4 Reply
For the last time, gold touches the rising trend at 1812.40 and then retreated to 1797.60
+3 Reply
Expect the price to rise to 1836 levels within a day or two. delta variant and fear in stick market will lead it.

1836 level rejection and FOMC's indication of tapering in a month will cause the drop which will be your target area of 1860's...
+3 Reply
awesome analysis, keep up the good work! Here's our view on gold

+1 Reply
The analysis has been achieved, as the price has reached 1811.7, and prices have also fallen to 1796.6, as I expected
+1 Reply
I would be selling from this resistance
great job
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Thank you for the detailed review!
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I drew attention to the market sentiment, in addition to technical analysis, and I will say that XAUUSD will definitely go down to 1797.46000
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Why did you decide that XAUUSD from 1798.83000 will go to fall?
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Tomorrow we have another chance to sell at the price 1805.5 and we have a purchase of 1792.3 that might be a good idea.
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