XAUUSD 11/08: Weekend signal
Updated
Technical outlook 
XAUUSD
Chart Tools
Technically, nothing seems to have changed for Gold price in the near term, as the bearish 14-day Relative Strength Index (RSI) continues to back the downside bias.
Any pullback in the Gold price, therefore, will be seen as a good selling opportunity.
On the upside, the Gold price recovery needs to crack the $1,930 round figure, above which the downward-sloping 50 DMA at $1,941 will be the next key hurdle.
Further north, the bearish 21 DMA at $1,949 will be on Gold buyers’ radars.
Alternatively, daily closing below the key support of the $1,910 level will challenge the critical 200 DMA at $1,900.
A sustained break below the latter will put the June 29 low of $1,883 to the test.
*Noticeable signal of the day*
BUYXAUUSD 1906 - 1910
SL : 1900
TP 1: 1915
TP 2: 1920
SELLXAUUSD 1925 - 1928
SL : 1935
TP 1: 1920
TP 2: 1915
Attention: Install TP, SL to win the market
XAUUSD Chart Tools
Technically, nothing seems to have changed for Gold price in the near term, as the bearish 14-day Relative Strength Index (RSI) continues to back the downside bias.
Any pullback in the Gold price, therefore, will be seen as a good selling opportunity.
On the upside, the Gold price recovery needs to crack the $1,930 round figure, above which the downward-sloping 50 DMA at $1,941 will be the next key hurdle.
Further north, the bearish 21 DMA at $1,949 will be on Gold buyers’ radars.
Alternatively, daily closing below the key support of the $1,910 level will challenge the critical 200 DMA at $1,900.
A sustained break below the latter will put the June 29 low of $1,883 to the test.
*Noticeable signal of the day*
BUY
XAUUSD 1906 - 1910SL : 1900
TP 1: 1915
TP 2: 1920
SELL
XAUUSD 1925 - 1928SL : 1935
TP 1: 1920
TP 2: 1915
Attention: Install TP, SL to win the market
Trade active
Trade active
The strategy is still on the right trackNote
ENTRY BUY is readyTrade active
Buy signal at 1906 is ready💟💟💟
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