FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
HI

I think on gold it will go back to retest 1480.95 and 1485.25 as new resistance before it continues to move downside targeting zone 1426.70
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Gold has been GREAT so far. Trade protected so Ican relax on it's way down. Thank you so much :-)
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massive break down in progress. hedge funds are maxed out gold and are trimming exposure.
new target is 1300. details - see chart. good luck, traders!
+1 Reply
I think there is a good chance this play out because fundamental side China and US likely reach a limited deal. But once we hit that target for the bears to take profit, the overall outlook of the economy into next year and beyond is still negative. It's just like the 1560 area on the run up, it hits that and it's time to reverse. We like like see 1460 area at some point with a posibility of going down as low as a retest 1400 but I wouldn't bet on that. There are a lot of demand for gold people waiting to buy in.
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Nice analysis! Thank you!
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Hello, nice video :)
Fresh Gold idea !
+3 Reply
It's going to go up
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kristinajulia tambam1996
@tambam1996

It’s coming down.
+2 Reply
This is world class analysis. Thank you sir
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