wickywicks

GOLD CAUGHT BY BEARS OR JUST A DIVERSION...?

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Price respected 1875$ zone and retraced
back towards mentioned targets.
(Check previous analysis).

F.A review:
We're gonna hit by T.A and F.A both in coming
month. It's possible that gold might take a dip
but rising cases in COVID-19 should be kept in
mind as well.

T.A review:
Symmetric Channel Broken
Another minor Weekly rejection.
M.As are still encouraging BEARS but
Weekly M.A needs to be broken for
proper BEAR RUN.
Price is looking for retracement till
1840-1850.
We can expect a major fall if and only if
Price respects 1840-1850 zone and holds
below that till end of coming week.
We can have target 1700-1750 atleast then
ELSE
It could just be an another FALSE BREAKOUT.
Wait till next friday for further confirmation.

Comments

Here is our recent update on Gold
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Great work
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