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fxpremiere
Feb 27, 2021 8:05 AM

XAUUSD BUY Signal 

GOLD / U.S. DOLLARICE

Description

XAUUSD downhill trend

After the breakdown of the resistance level 1872.10. the price moves in the channel. It clearly touches the channel lines. After another fall, she came to support.
From here we expect growth to resistance.
Target - 1818.27
Comments
Bram_Spriet
Out of my own experience it wouldn’t be safe to buy in a downtrend. The price broke through the resistance at level at 1734. The price made 2 touches already on the 1m chart so made a nice resistance. The price is more likely to go down. I follow the fx premiere signals for a while already but was often mistaken by bad signals and prefer to follow my own strategies.
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