XAUUSD - Support Line Breakout

GoldOANDA

Description

⋅ Jan 9, 2021 6:32 PM

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

ForexExplained

⋅ Jan 10, 2021 12:44 PM

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

kezybaby

⋅ Jan 10, 2021 12:42 PM

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.

MicWoodsFX

⋅ Jan 11, 2021 9:18 AM

@kezybaby, That's fine, everyone has their view, We will see about that

Karzon

⋅ Jan 10, 2021 12:01 PM

I like your work! Thanks for such clear charts!

MicWoodsFX

⋅ Jan 10, 2021 12:03 PM

@Karzon, Thanks man and much appreciated it :)

qaisar86

⋅ Jan 10, 2021 7:41 PM

when you see gold on D1 chart its showing double top so means it wil go further down
atleast 1780 ,

MicWoodsFX

⋅ Jan 10, 2021 7:43 PM

@qaisar86, Yeah it could go down to support area 2 first before it go back up. but in mid-term its downtrend for gold