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YertuntsTrader

XAUUSD is trading at a very important level, short trade idea 📉

Short
Gold Spot / U.S. Dollar (PEPPERSTONE:XAUUSD)  
YertuntsTrader Updated   
PEPPERSTONE:XAUUSD   Gold Spot / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators XAUUSD xauusdshort xauusdanalysis Gold goldtrading goldanalysis supportandresistancezones breakout supply_and_demand
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trendanalysis chartpattern indicator xauusd xauusdshort xauusdanalysis gold goldtrading goldanalysis supportandresistancezones breakout supply_and_demand
Gold has shown strong gains and is approaching a strong resistance line of 1680. It will be clear the direction of growth will continue or retreat from this level. maybe gold can check the previous month's high and fall back. As long as gold doesn't break above the 1730 level, the price is in a bearish trend .
There are 2 guesses to trade short, the first level is 1680, next is last month high.

ALWAYS USE STOP LOSS ORDERS AND NEVER EVER HOLD ON TO A TRADE JUST BECAUSE OF HOPE !
Comment:
Gold is bearish on the daily chart. I'm see that the price of gold is moving between 1732 and 1615 levels. Because I think it's sideways, Soon expect a major bearish move in gold.
snapshot
Comment:
Gold is formed Double top pattern on monthly chart.
snapshot

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