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RLinda
Mar 27, 2024 9:06 AM

GOLD → Trading inside the range. Target is support  Short

Gold/U.S. DollarFXCM

Description

FX:XAUUSD is trading inside the range. The markmet-maker is liquidating sellers relative to the 2180-2200 area, after which it forms a false breakdown of 2195 and returns to the range again.



On D1 everything is the same. The market continues to form a sideways range. There are no reasons for the price to leave 2195-2144. After testing the upper part of the range, the market still has targets below 2166, especially the area of the lower boundary of the flat, as there is a huge amount of liquidity hidden there, which is clearly of interest to traders. Consolidation below 2180 may favorably influence the price down to 2166. A break of 2166 will send the price to 2150 and 2144.

Resistance levels: 2180, 2186
Support levels: 2166, 2150, 2144


Technically, the local trend is neutral. It is acceptable to trade both buying and selling. But the market has an unclosed gestalt within the range trading: liquidity area 2150-2144

TVC:DXY COMEX:GC1!

Regards R. Linda!

Comment

Resistance retest and false breakdown. Price consolidation is formed below the level
Comments
StewySongs
👏👏👏
infoaradd
How often have your analyzes been wrong?
ruebanantony
@infoarad most of time. even their premium signals.
RLinda
@infoarad, @ruebanantony, Did someone promise you 100% accuracy?
sonhadi7
Xausd target rebound 2221.9 klo tmbus 2230 ..2240 ..2250 ..2300 bs lebih krn pa cup/cangkir
sharul_ali
Dont you think There willl be bearishness till 2075 to 2080 range.. Currently if im not mistaken gold is making a bearish flag pattern too.. in 4H
smitfrancois26
I agree with the brake of 2200 not so sure of the 2222. I think there will be a retracement from there about.
arvine11
bullllll
arvine11
i was in from 2180 ))
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