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TheTradersAvenue
Oct 4, 2020 7:20 PM

XAUUSD > Simple and Easy Setup for Short!! Short

GoldOANDA

Description

Analysis of #XAUUSD

my last trade on gold was short an am glad it did hit the target for almost 5%, now I still see gold and silver going to lower maybe near structure lows, if you check my DXY analysis you will know why..

here we have impulsive move down, price retraced inside this pennant which I believe will break to the downside, will keep watching this pair for a chance to enter short gold

move my chart and soon out to see the bigger picture

remember gold is very sentimental and could shoot either way sharply as it did on Friday



Check today analysis below⠀
Thank you for the support you keep showing me with

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-DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only⠀
-⚠ Please Note This Is Just a Prediction and I Have No Reason to Act on It and Neither Should You
Comments
Fx-Noobie
Dude, you saved me from the slaughterhouse! Oh boy.... A very good lesson learned!
ProjectSyndicate
got a similar outlook, let's see what we get now.
PolarHusk
VeryNiceWork🐻‍❄️
KlejdiCuni
Great job!
Nurshakillallla
Good explanation
Saeed966
thanks for sharing! this is what I see on XAUUSD:
Saeed966
Good
AndrewLyberopoulos
@Saeed966, Great analysis Saeed. Concurs completely with what I see
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