EliteFxAcademy

XAUUSD – Gold started showing sellers results stronger

Education
OANDA:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD – Gold started showing sellers results stronger
Trend: Sell/ neutral
Support/Resistance:

R2: 1510.49
R1: 1477.05
S1: 1464.71
S2: 1444.08
Price action:
Gold started showing sellers results stronger. Buyers didn't rebounce much, which means that sellers have advantage from previous daily close. If the price maintain below 1464.71 level, then sell will continue. But because it is friday, it is unneccessary that the price will move much.
Potencial trade idea:
Bulls targets:
T1: 1477.05
Bears targets:
T2: 1444.08
NOTE – We are trading XAUUSD via the preferred trading setups

ELITEFXACADEMY

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.