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TradingAlchemist
Nov 4, 2021 10:49 AM

XAUUSD🤑 Retest support line?📈 Short

Gold / U.S. DollarFOREX.com

Description

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XAU / USD quotes continue to move as part of the fall and the formation of a large "Triangle" pattern. At the time of the publication of the forecast, the price of GOLD is 1778 Dollars per Troy Oz. Moving averages indicate a short-term bullish trend. Prices broke through the area between the signal lines downward, which indicates pressure from the sellers of the asset and a potential continuation of the fall from the current levels. At the moment, we should expect an attempt to develop a decline and test the support level near the 1750 area. Where can we expect a rebound and a continued rise in the price of GOLD with a potential target above the level of 1845.

Have a nice trade!
Comments
TradingAlchemist
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Do you agree?
Mihai_Iacob
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great analysis!
Tradersweekly
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Lets see! Good luck!
wnhncwjndc
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Sell from what point
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