Lingrid

GOLD FALL from resistance border of descending channel

Short
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
For several weeks now, gold has not made us happy with strong movements, and all this time it has been moving in FALL. I continue to stand my ground and expect a bearish move. After all, the price, no matter how hard it tried, was unable to break through the strong resistance level . At the beginning of the week, the price was able to break through the strong resistance line at 1770.77 - it forms a strong downtrend at 10H TF. Nevertheless, the price came to the resistance of the falling channel 1781.72. Therefore, analyzing all of this is a great time to sell. I expect the price to fall. will break through the line 1768.24, fix on it and continue to fall. So my final target is support line 1754.77.

Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩‍💻

Comments

How much you been paid to continuously posting bearish.. bearish... bearish......

Last 3 weeks you posting bearish..
+1 Reply
Lingrid SarfarajAhmed
@SarfarajAhmed, if you have a different opinion, write it and explain)
Reply
@Lingrid India the second largest population country in the world is now highly infected by COVID-19, how do you expect gold is bearish.
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Lingrid SarfarajAhmed
@SarfarajAhmed, will the price go up because of this?
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Ahahahahahah gold is going down hard
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@SarfarajAhmed My neighbour is running out of toilet paper too. Just as relevant.
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@Mitch51 they are running out but I don't have none, lol.
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its big bullish🥲🥲
+1 Reply
Lingrid GiNo226
@GiNo226, there will be an update tomorrow, so don't miss it)
+1 Reply
Greeting's!!! yes, you are totally 99.9% right, Gold is going bearish, and today it's also due to the FED economic event that's happening later on, can't wait for the Fall.

Excellent set up!!!!!!!

Wishing ya successful trading.
+1 Reply
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