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Mihai_Iacob
Nov 17, 2021 3:53 AM

Gold- Time for correction? Short

GoldOANDA

Description

Yesterday I said that I expect Gold to break above 1868, and it did. However, XauUsd couldn't hold on to gains and reversed badly in NY session.
This can be a signal that a correction could follow from this point on and at least for now 1880 is the ceiling.
I will look to sell rallies against this high and 1830 is my target for this correction
Comments
ForexTrendline
great setup!
hamidreza_FX
Nice!
Mihai_Iacob
MMBTtrader
we can expect some local fall

price had heavy pump previous days
Mihai_Iacob
@MMBTtrader, yes...
yonsfx
Love it !!
Mihai_Iacob
@yonsfx, thanks, bro
AkhiPrajapati
Same view here, but currently taking support at 1Hrs channel
Mihai_Iacob
@AkhiPrajapati, Let's see...
Saif_R
Very nicely done!
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