1410 XAUUSD update idea for buyers
Hello traders,
Gold has made a strong bearish signal on monthly chart.
We should not forget that.
But the range for correction could be very wide.
That is why we keep following gold on 4h/daily/weekly chart at the same time. You should do that too as a pro trader.
On this weekly chart, there is a red trend line that you should not miss as it could regarded as broken by a swing start from 1850. The green one is also a possible resistance line for GOLD now..
Taking 4h chart into consideration on this middle weekday of this week, there is a chance for gold to rise up again from the fibo 786 support. Will it break the green line and make a weekly new high for this week? We dont know yet.
But you can plan your trade on this with a afforadable loss (STOP LOSS).
Once it broke the green resistance line and return back above 1900, 1960-1980 wont take long.
GOOD LUCK
LESS IS MORE!
Gold has made a strong bearish signal on monthly chart.
We should not forget that.
But the range for correction could be very wide.
That is why we keep following gold on 4h/daily/weekly chart at the same time. You should do that too as a pro trader.
On this weekly chart, there is a red trend line that you should not miss as it could regarded as broken by a swing start from 1850. The green one is also a possible resistance line for GOLD now..
Taking 4h chart into consideration on this middle weekday of this week, there is a chance for gold to rise up again from the fibo 786 support. Will it break the green line and make a weekly new high for this week? We dont know yet.
But you can plan your trade on this with a afforadable loss (STOP LOSS).
Once it broke the green resistance line and return back above 1900, 1960-1980 wont take long.
GOOD LUCK
LESS IS MORE!
Trade closed: target reached
