XAUUSD GOLD Weekly View
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Short Term Signal to take profit and Hold bit
Gold sell limit at 1479.00
In the last two analysis of GOLD the market followed perfectly what we told you before in the beginning of the last month. After the FED meeting and cloudly information that Powell gave about the next cuts the market will be a little bit confused.
We think the market will reach levels of 1390-1387 and after that, there will be a full month of ranging. In...
We've missed the exact reversal with the last week 1Hr short idea , still sold it at where the price started to move down ,now a short position is possible as the chart above to reach the potential ends of wave 'C' .
We are now looking for the GOLD to sloop down, at this point you can set your SELL or SELL LIMIT and never over-trade, since GOLD is under pressure for it's resistance level. Here we can see a bearish structure for this precious metal.
Take it or leave it. For us it's a sell wave. Manage your account well and your lot size when selling this metal.