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ForecastCity
Nov 23, 2020 7:58 PM

💡Don't miss the great sell opportunity in Gold (XAUUSD) Short

OANDA:XAUUSD60
GoldOANDA

Description

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Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1848.92).
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 23.

Take Profits:
TP1= @ 1830.74
TP2= @ 1816.68
TP3= @ 1792.64
TP4= @ 1766.74
TP5= @ 1744.73

SL: Break Above R2

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ForecastCity English Support Team ❤️
Trend AnalysisChart PatternsTechnical IndicatorsXAUUSDdollarGoldgolddollarXAUUSD
Comments
Josef_anderson
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keep up professional charting.
ForecastCity
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@Josef_anderson, We appreciate your support. 💯
Belal27
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sweet 👍🏽
ForecastCity
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@Belal27, Thank you
Belal27
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@Belal27 your welcome. 🤞🏼 waiting for that big push down
DenizKilicDeniz
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all right, I agree. Thanks for the detailed analysis 👍
ForecastCity
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@DenizKilicDeniz, You're welcome.
ForecastCity
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@DenizKilicDeniz, Thanks for your comment.
aitazazshah09
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hard to say, its down
ForecastCity
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@aitazazshah09, Thanks for your feedback.
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