CTFX_Fintech

XAUUSD 20/11

Short
CTFX_Fintech Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
GOLD's current sideway is 1976 - 1978. If gold can break this price range, it will fall back to 196X during the day. If it cannot break the current price range to support sell 1979 - 1980, GOLD will continue to increase to target 1993 and beyond. than the 2000 price range.
The current price range is quite narrow so the CTFX team recommends sticking to the short SL 1981.5 for safety (STOP LOSS 20PIP)
Comment:
GOLD DOWN TREND TO 1972 - SELL ORDER PROFITS 80 PIP
Comment:
GOLD DOWN TREND TO 1966 - SELL ORDER PROFITS 140 PIP
Comment:
GOLD hit strong resistance 1993-1995 and then the price dropped to 1986. Correct trend admin analysis supported the SELL Gold 1993.
GOLD PROFIT 60-70PIP, TAKE PROFIT 1/2 VOLUME.
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.