fx_iranian_traders

Gold analysis & waiting for the weekend

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hello
I hope you are well
In the previous analysis, we entered into a gold purchase deal after that, but unfortunately we stopped quickly. The reason for the stop was the news of the growth of US 10-year bond yields. However, as before, we still believe that the main trend of gold is declining and the maximum gold can rise to the range of 1805 to 1826, but we will still see the return of gold at the price of 1600. In the analysis we have provided for you, you will see a channel in one hour time, we think you can make a good profit from this simple channel to determine the purchase or sale.

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