Rupesh
Short

SELL SHORT SETUP

FX:XAUUSD   Gold Spot / U.S. Dollar
67 0 3
Technical outlook and chart setups:

Gold             is trading at the levels of $1,255.00 this moment, and is likely to face resistance around $1,265.00/70.00. Please note that the yellow metal has been moving in a potential ending diagonal as depicted here. The structure indicates that a drop below $1,235.00 would confirm that the metal has formed a meaningful top and a deeper correction is underway. Please also note that the rally from $1,046.00 through $1,283.00 is also needed to correct lower, before resuming towards upside. It is hence recommended to remain short with risk seen above $1,283.00. Immediate resistance is seen at $1,283.00, while support is at $1,236.00. Bears are expected to remain in control until prices stay below $1,283.00 going forward.

Trading recommendations: Remain short with stop above $1,283.00, a target is at $1,190.00 at least. Good luck!
Trade active
Trade closed manually
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out