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Gold-Tech
Jun 20, 2023 11:22 AM

🏅GOLD - The spring is compressing Short

GoldOANDA

Description

Gold continues to decline under resistance control within the range. The price from 1945 forms a small pullback that could touch resistance, but everyone is waiting for a fall in priority.

TA on the high timeframe:
1) The dollar index is in a bullish rebound phase. It is likely that after a small stop, the dollar's rise could continue, in which case the price of gold could fall
2) We see a strong pressure on the market. The sellers are strong enough, gold is not able to go through the resistance



TA on a low timeframe:
1) Price is under resistance area. The nearest high, which might make the market nervous, is around 1967. A false breakout of this area is possible.
2) In the future, judging by the high timeframe, I expect a continuation of the fall with the possibility of breaking through 1939-1940.
3) Now the rebound to the resistance is formed, we watch the price reaction. A false break-through will be a strong signal

Key resistance📈: 1960, 1967
Key support📉: 1950, 1940
Comments
Gold-Tech
Hi! Do u agree with me? Share your opinion ;)
TheNewsCrypto
Good one
TheAnonymousBanker
WalterMoon
Good work man, absolutely agree about XAUUSD
jpeacockfx
Always love to see you're ideas and it looks like you called this one perfectly. Well done my friend!
KABHI_FOREX_TRADING
Perfect sell Call
bestfarbit74
well done call
melikatrader94
Logical chart, I Like it
ArmanShabanTrading
Strong analysis!
CScalp_EN
All going down )))
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