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Xauusdforex

Gold directed to the support. Will it hold up this time?Gold is forming a head and shoulders, and looks like it is headed towards the $2,290 support, will it bounce off it and get back up this time? If it completes the structure we could see it pierce the support, and in that case having many areas to fill at the bottom, it could go down a lot. In trading everything will be filled, there are many areas still open, please be careful to open long on the $2,290 support, check before the price rebounds solidly.
OANDA:XAUUSDShort
by jamesbond70
GOLD IS READY TO INCREASE IN PRICEGold prices fell near $2,300 per ounce on Tuesday, hovering at one-month lows, as investors wait for US inflation data and the Federal Reserve's policy announcement later in the week. Traders will closely monitor for cues on when the Fed might begin reducing rates, in light of a stronger-than-expected payroll report last Friday. 🔴SELL GOLD: 2320 - 2322, SL: 2327 🔴SELL GOLD: 2338 - 2340, SL: 2344 🟢BUY GOLD: 2270 - 2268, SL: 2264 🔝Technical analysis: Gold experienced a sharp fall after being affected by two important news about China stopping buying gold in May and Nonfarm being very good for USD. Today Gold is staying in the price range of 2320$ -2280$. Waiting for the scalp is the breakout strategy here ⛔️Breakout: 📈 Breakout on: 2309 - 2320 - 2329 📉 Breakout below: 2286 - 2280 🔼Support: 2286 - 2280 - 2274 - 2268 - 2259 🔽Resistance: 2308 - 2320 - 2329 - 2338 GOOD LUCK EVERYONE👍
OANDA:XAUUSDShort
by Scalper_Ananda