MicWoodsFX

XAUUSD - Support Line Breakout

OANDA:XAUUSD   Gold Spot / U.S. Dollar
This is my personal view, analysis and theory based on XAUUSD .

I do think Gold will be long and go up to around 1900 area ( resistance area ) roughly 7400 pips up for grab.

Give thumb up if this help you and follow for more future theory and analysis.
Trade at your own risk.

Comments

i also disagree. By my analysis gold is yet to fall further to a support complemented by the 240ma in the daily tf. until it does i wouldn’t look for a buy opportunity
+2 Reply
I disagree, i see gold going short(down) upon market opening. I think it will reach 1500 levels. Don't be fooled by the 70% of traders that lose their funds buying gold. It will go down down so gold buyers can buy at a lower price.
+2 Reply
MicWoodsFX kezybaby
@kezybaby, That's fine, everyone has their view, We will see about that
Reply
I like your work! Thanks for such clear charts!
+1 Reply
@Karzon, Thanks man and much appreciated it :)
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when you see gold on D1 chart its showing double top so means it wil go further down
atleast 1780 ,
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MicWoodsFX qaisar86
@qaisar86, Yeah it could go down to support area 2 first before it go back up. but in mid-term its downtrend for gold
+1 Reply