Forex_42

XAUUSD Short Trade Setup

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hello Traders,
Here is the daily time frame XAUUSD analysis.

Price has retrace the 50% fib level and this level also previous support now turned resistance.
Gold most probably will go down to 1520 level. Our first target is 1550.

Good luck!
Thank you for your support!
Forex42

//If you like trade my ideas please push like.
//Write your comments and questions down here.
//Before enter the trade please make your own analysis.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.