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HiteshMalviya

Gold should drop below 1450$ Soon - XAUUSD SELL Daily

Short
Gold Spot / U.S. Dollar (FOREXCOM:XAUUSD)  
HiteshMalviya Updated   
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Technical Indicators Trend Analysis Chart Patterns Gold xauusdshort XAUUSD
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indicator trendanalysis chartpattern gold xauusdshort xauusd
Gold is currently facing selling pressure on the Daily and Weekly timeframe. XAUUSD had lost 21MA and 50MA support on daily. There is death cross formation on the daily timeframe - (21MA crossover below 50MA).

MACD is currently bearish, indicating - bearish continuation.

Support levels: 1437$,1452$
Resistance levels: 1500$,1511$

Trade Signal:

SHORT

Entries: 1490-1510$
Exit: 1440-1460$
STOP: 1520$

Trade closed: target reached
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