MMBTtrader

GOLD is reaching daily support once again (1760)?

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
As we can see gold is getting weaker and weaker and even we can expect retest 1760 soon and if this happen then we can expect breakout and reaching targets :
a.1760
b.1740
c.1707

why ? because previous time support taken on 1760 we have great and strong pump to 1960 but this time high is 1820(to weak)

and we have valid trendline for sellers that you can see with redline

maybe we may see some range near this trendline and falling after that to our target or even sharp falling soon will start .

<<Traders comment below and let me know your thinking about this analysis even simple ((agree)),((not sure))>>

previous analysis linked below you can see targets and ...
Comment: ready to reach first target ?
Trade closed: target reached: first target reach for short term traders and higher leverage you can take profit now

1865✔✔
Trade closed: target reached: second target reached
1842✔✔
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Comments

Perfect analysi.. target reached
+2 Reply
MMBTtrader vishvam-fx
@vishvam-fx, thanks a lot
Reply
does it really have to go below 1760 and to be expecting it to keep going down trade
+2 Reply
MMBTtrader mubychay
@mubychay, yes as you can see
Reply
Overvalue Analysis :))))
+1 Reply
MMBTtrader FOREXN1
@FOREXN1, thanks a lot
Reply
i might cry. im holding a buy order at 1810, a large one, daily doesnt look its goingt o ever return to those levels any time soon :(
+1 Reply
MMBTtrader noone222
@noone222, god bless you
Reply
nice and I think
+1 Reply
MMBTtrader Trader_OMS
@Trader_OMS, well done and thanks for sharing with us
Reply
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