Trading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1731.0). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis: . XAUUSD is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 27.
Still it is on sell side, can we expect TP2 & TP3 as well?
Please advise.
Thanks
Piyush