XAU/USD pair analysis forecast update, on the four time frame.
Break-down of tools:
Support for a potential bullish, if the market break the trend line.
Resistance for a potential selling pressure.
Summary:
If the market break the above trend line then we expect the bullish trade otherwise the selling pressure is high that will break the support area it's too weak. We have the big fall in market today because of USA and China agree with slash tariffs for 90 days.
Trade setup:
Selling entry; 3240
Target's 3220, 3200, 3180
Stop loss; 3280
Use proper risk management.
That's all about in thoughts. What you think about "GOLD", write in comment below.
Break-down of tools:
Support for a potential bullish, if the market break the trend line.
Resistance for a potential selling pressure.
Summary:
If the market break the above trend line then we expect the bullish trade otherwise the selling pressure is high that will break the support area it's too weak. We have the big fall in market today because of USA and China agree with slash tariffs for 90 days.
Trade setup:
Selling entry; 3240
Target's 3220, 3200, 3180
Stop loss; 3280
Use proper risk management.
That's all about in thoughts. What you think about "GOLD", write in comment below.
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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.
Join my telegram for free signals link in below
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.