XAUUSD (Gold) forecast
Firstly, have a look our previous analysis how those rocked.....
Gold is trading below 1990 and it seems to be bullish as it on trendline according to major timeframes h1,h2,h4. Finnacial crisis as well geopolitical issues are favorable for bullish trend of Gold.
lets talk about technicals, Price trading on bullish trendline so bullish trend expected.
on the other hand rising wedge pattern, that means price may drop once channel is broken.
So we may expect selling trend. In our premium broadcast we are already in sell for 3-4 positions from highs 2000$ as it was told that selling will continue.
Now to enter market in this situation, you have to put pending orders.
lets see how market reacts.
best wishes.
please follow and like & don't forget to check previous analysis all analysis hit our tps
Gold is trading below 1990 and it seems to be bullish as it on trendline according to major timeframes h1,h2,h4. Finnacial crisis as well geopolitical issues are favorable for bullish trend of Gold.
lets talk about technicals, Price trading on bullish trendline so bullish trend expected.
on the other hand rising wedge pattern, that means price may drop once channel is broken.
So we may expect selling trend. In our premium broadcast we are already in sell for 3-4 positions from highs 2000$ as it was told that selling will continue.
Now to enter market in this situation, you have to put pending orders.
lets see how market reacts.
best wishes.
please follow and like & don't forget to check previous analysis all analysis hit our tps
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Trade closed: target reached
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