FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Hey Guys,

2 Possible scenarios in current situation. It looks like bears are going to be in control for short period of time before we get a big move to the upside.

Be careful and stay safe!

Sell Area 1690 > Target 1650
Buy Area 1625 > Target 1750

Thank you!
Comment: Further down possible to 1575 area, depends on new developing patterns.
Similar structure in yellow can be seen.
Comment: I don't think that 4 is completed yet. So in the coming week, we will probably see bears taking control.

The risk to reward at this point is great!

If you are a seller keep your SL above 1730 and target 1650.

ty

Comments

Looks like an interesting pair to follow at the moment this is my overall analysis
+1 Reply
HumairDawood transparent-fx
@transparent-fx, Very Well and good luck
Reply
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