M PATTERN CREATED, CAN XAUUSD WILL FALL? [Read Caption]
Hello Followers I am going to publish my technical setup on XAUUSD, So share your opinion in comments about my analysis..
XAUUSD Has made a M pattern and now it will fall. XAUUSD Has also break the trendline support area and it has also retested it, Let me tell you guys XAUUSD is currently running at a major resistance area, the level of resistance is 2902/2912. According to me XAUUSD will go for short from the resistance and will reach to the first target 2880, let me tell you that 2880 is a support area, if Gold break 2880 then will reach for the second target 2945 that is also a demand zone 2848/2841. I have applied the Short Position also in the chart...
KEY POINTS:
CURRENT PRICE 2900
RESISTANCE 2902/2912
DEMAND ZONE 2848/2841
TARGETS:
1st TARGET 2880
2nd TARGET 2845
CANCEL TRADE 2825
XAUUSD Has made a M pattern and now it will fall. XAUUSD Has also break the trendline support area and it has also retested it, Let me tell you guys XAUUSD is currently running at a major resistance area, the level of resistance is 2902/2912. According to me XAUUSD will go for short from the resistance and will reach to the first target 2880, let me tell you that 2880 is a support area, if Gold break 2880 then will reach for the second target 2945 that is also a demand zone 2848/2841. I have applied the Short Position also in the chart...
KEY POINTS:
CURRENT PRICE 2900
RESISTANCE 2902/2912
DEMAND ZONE 2848/2841
TARGETS:
1st TARGET 2880
2nd TARGET 2845
CANCEL TRADE 2825
Trade chiuso: stop raggiunto
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FREE TELEGRAM
t.me/+K2jx0G0f7HUxMTM0
t.me/+K2jx0G0f7HUxMTM0
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.