ForexTrendline

Is gold actually going for a breakout this time?

Short
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
The 1790-95 zone acts as a serious support for price. It has been tested multiple times and every time price bounces of.
A crucial moment is approaching. Tomorrow we have FED Interest rate decision and that's definitely going to affect price on gold .

If we see market below the support at 1795 then we will be looking for a move down at least to 1775.

It's very likely that we could see a strong impulse on the breakout. Normally this could be done by placing a pending orders.

You can find out more about the pending orders from todays educational post on that right here:

In tomorrow's analysis we will see what are the next support levels that we should be aware of!

πŸ‘ Please support this idea with like and comment so we can help more people together.
Thank you in advance! πŸ™
Comment: 28.08.2021 Strong fluctuation on gold today! Be ready!

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Comments

Let's see which way it is going to break
+1 Reply
ForexTrendline TheSignalyst
@TheSignalyst, yeah that's right
Reply
we were wrong. why do you mislead people? why dont you go back to real work? Mcdonalds is hiring.
Reply
Excellent breakdown, well done.
Reply
ForexTrendline financialflagship
@financialflagship, Thank you!
Reply
thank you very much for your post
Reply
@Frdric, You are welcome, thank you for your comment!
Reply
thank you so much
Reply
ForexTrendline loveonly.you.566
@loveonly.you.566, no worries, you're welcome
Reply
Great analysis
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