MMBTtrader

XAUUSD need to retest broken trend line and fall more ?

OANDA:XAUUSD   Gold Spot / U.S. Dollar
As we Can see gold need to retest broken trendline and provide more bearish candle if and end of this would be here or second Green zone that is strong support

Red path : is retest of trend line and more fall that we talked about .Target =1680
Purple path : if retest doesn't happen we can see easily market get bullish and target would be =
a.1800
b.1820

Red arrows are previous analysis that are :

and ...


and ...

<<Traders comment below and let me know your thinking about this analysis even simple ((agree)),((not sure))>>

previous analysis linked below you can see targets and ...
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Comments

I like this analysis. Thank you!
I will wait for breakout for short entry.
+1 Reply
MMBTtrader deopanteaudreyisrael
@deopanteaudreyisrael, most welcome thanks
Reply
you got it. bears maintain control. shorting rips/rallies is a great strategy now.
+1 Reply
MMBTtrader ProjectSyndicate
@ProjectSyndicate, thanks a lot man that means a lot
Reply
good overview, thanks for sharing!
Reply
Did you consider coming fundamental data this week?
Reply
Amazing and detailed, cheers
Reply
thanks for the analysis mate
Reply
you analyze the chart well, Even if the price breaks through the upper trend line, I would still expect at least the first target after that.
Reply
MMBTtrader pennygene
@pennygene, thanks a lot
Reply
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