Fibonacci-Signals

XAUUSD Technical Analysis

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar

Gold is in strong downtrend and can clearly see more big red candles than the green ones which suggests the price has tendency to go lower. We already had a Pullback at 1795.36 and the second Pullback might happen again which would make a double top at 1795.36, but if it doesn't happen we expect the price to go lower to at least 1743.16

Have a Profitable Day

If you find this helpful and want more FREE forecasts in TradingView

Please show your support back,
Hit the 👍 LIKE button,
Drop some feedback below in the comment!

❤️ Your Support is really appreciated!❤️


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.