Because of the broken monthly level line and it is already retested this level. I am directly bearish tonight on Gold , also because the dollar will rise and as i see on my weekly formation bar it is a shaved bearish bar which means it will go down. Take profit around 1653.00 and stoploss 1683.00 You don't need to look hours to analyse this chart. It is...
We continue with the continuation of gold for sale. now we could see a confirmation of this movement when doing the pulback in the resistance of the 1700. We hope that the first important objective is close to 1600.
XAU/USD SHORT OPPORTUNITY (4 HOURS):
This idea is for those who is looking for Long term holding position. Any SHORT order would be happened in the red rectangle zone. TP 1,2,3 are at the LightBlue lines. SL yellow line above.
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Gold's chart shows an interesting formation today. This chart pattern has two options henceforward. At both of them, more likely we gonna see drop around $ 1560 level first. Once the price drops, it will be important whether it will find support around these levels and continue moving up to $ 1600 or if a breakthrough occurs we'll see deeper drop to $ 1540 - $...
We see break of uptrend. We expect correction up to 1566 - 76 levels and then more likely to fall by 1537 level. Good luck!
Gold's daily line chart shows a bearish divergence of the RSI... Good to sell here for a target of $1,555 with stops above $1,588.