Don't miss the great sell opportunity in XAUUSD

FX:XAUUSD   Gold Spot / U.S. Dollar
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1721.65). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. XAUUSD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 22.

Take Profits:
TP1= @ 1704.57
TP2= @ 1685.60
TP3= @ 1671.45
TP4= @ 1656.68
TP5= @ 1641.30

SL: Break Above R2

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SL hit and Breakout R2. Should i go for Long? Follow the mapping..
+2 Reply
@DakLah, Thanks for your comment.
Good analysis as usual
+2 Reply
ForecastCity Kristalyn
@Kristalyn, 🙏
Nice TA. thanks
+1 Reply
@fxniki, Thank you for following us and your support. 💙💙💙
Good job! I agree with your analysis.
+1 Reply
@Optteron, Thanks for your comment.
Nice idea
+1 Reply
@Kamryn, 🙏
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