MMBTtrader

XAUUSD new trendline formed and price is getting weaker

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
AS we can see now price is near some local and strong resistance zone and can dump easily

there is new trendline that is forming too and price start to fall each time touch it and we may have same scenario again.

Notice : if price break falling trendline then next resistance zone with red rectangle is good entry point .


DISCLAIMER: ((trade based on your own decision ))
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Comment: green lines on chart are strong support ahead and our targets too.
Trade closed: target reached: first target reached 1870 touched
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Comments

Wrong again.
+7 Reply
SensibullTrading braingirl1994
@braingirl1994, Yes, you are.
+1 Reply
i agree!
+2 Reply
Great analysis, thanks for sharing 😊
Reply
Well done
Reply
sl chasers
Reply
Thank you for this TA buddy!
Reply
Great method mate ;)
Reply
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