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HAMED_AZ
Feb 19, 2024 9:55 AM

XAUUSD Short

Gold / U.S. DollarFOREX.com

Description

Hello traders ,what do you think about GOLD?Gold supported and grew as it reached the bottom of the descending channel.  It is expected to fall again to the bottom of the channel after reaching the resistance zone.
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Comment

About 100 pips of the activated zone are in profit. Manage your trade. FOMC meeting can have high volatility.

Comment

The movement of gold this week was back-and-forth and boring, since today there is no important news in the economic calendar that will drive the price of gold, it seems that we should wait for next week.
Comments
melikatrader94
it is possible the price will touch 2051$
mo9016014
Otaimm15
bearish
best regards
ChartSavant
That's an intriguing analysis! Thanks for sharing it!
I would be glad if you could also see my analysis and let me know your thoughts about it.

mohmedkp10
bearish
mehrdadzeroxx
good luck hamed thank for sharing brother
FXCM
I agree with your analysis. price could potentially fall to 2006, a pullback support level.
fal836352
Nice
Indonesia1945
Mashaallah.
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