Faibik

GOLD | Descending Channel & Major Support Area..!!

FX:XAUUSD   Gold Spot / U.S. Dollar
#XAUUSD #GOLD (Update)


Gold Has been Moving in descending Channel Pattern from last 4 Months.

At the Moment, Gold is Moving Above the Strong Horizontal Support Area (1750), In my Opinion, It Might test the Support Before Another Bullish Wave towards the Descending Resistance (1900).

In Worst Case, If GOLD Bulls Lost the Support Area then I'm Expecting Big Dump..!!

At the Moment, I'm Not Taking Any trade in GOLD Until Strong Confirmations..(If You're Looking for Buying Opportunity the Wait for Support Area , Don't Catch the Falling Knife)



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Comments

Just how I see it!
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awesome idea @Faibik
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Faibik forexboat
@forexboat thank you
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nice chart and this is my gold idea
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Faibik Wolf_of_Trading
@Wolf_of_Trading thanks for appreciation and sharing your thoughts
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