sina76m

XAUUSD, Short term trend and target

Short
sina76m Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
With the continuation of the downward trend today, a double top has been formed, which can reduce the price to the 1740 zone. The short-term target for a few days is 1740. Also, during several attempts, he could not succeed in breaking the MA of 200.
You can see my past analysis in my profile for more reasons why gold prices are bearish.
Trade active:
Every small upward correction is a selling opportunity.
Trade active:
The analysis and target are still valid. Every top is a sales opportunity.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.