m-trad-e

XAUUSD - More than one scenario for gold, all to the downside

Short
m-trad-e Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
We have two scenarios for gold based on technical analysis and fundamental analysis
Technical analysis says that gold has a very strong resistance. In addition, I expect tomorrow's data to be negative for gold and positive for the US dollar.
The first scenario is a direct decline in gold, and the second is a rise soon, 1983-1984 -
1986, after which gold continues to decline until 1962
Comment:
You can close half of the contract now and continue on to the targets
Comment:
He reached the first goal
Trade closed: target reached
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.