Mid-Term Forecast:
Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1976.68).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GOLD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 50.
Take Profits:
TP1= @ 1912.35
TP2= @ 1846.24
TP3= @ 1760.04
TP4= @ 1682.08
TP5= @ 1544.91
SL: Break Above 1992.96
-------------------------------------------------------------------------------------------------------------------
Short-Term forecast:
Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1957.84).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GOLD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Take Profits:
TP1= @ 1908.37
TP2= @ 1880.00
TP3= @ 1840.00
TP4= @ 1789.38
TP5= @ 1748.02
SL: Break Above 1992.04
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1976.68).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GOLD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 50.
Take Profits:
TP1= @ 1912.35
TP2= @ 1846.24
TP3= @ 1760.04
TP4= @ 1682.08
TP5= @ 1544.91
SL: Break Above 1992.96
-------------------------------------------------------------------------------------------------------------------
Short-Term forecast:
Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1957.84).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GOLD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Take Profits:
TP1= @ 1908.37
TP2= @ 1880.00
TP3= @ 1840.00
TP4= @ 1789.38
TP5= @ 1748.02
SL: Break Above 1992.04
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
High Accurate AI-Generated forecasts for:
🌟36 Forex Pairs
🌟175 Cryptos
🌟16 Stock & Currency Indices
🌟Gold,Silver,Oil,Gas
✅ Best Profitable Trading Strategies
✅ in 9 languages
✅ since 2007
FREE Telegram 👉 t.me/forecastcity_com
🌟36 Forex Pairs
🌟175 Cryptos
🌟16 Stock & Currency Indices
🌟Gold,Silver,Oil,Gas
✅ Best Profitable Trading Strategies
✅ in 9 languages
✅ since 2007
FREE Telegram 👉 t.me/forecastcity_com