XAUUSD ShortTime Frame: 4H
Symbol: XAUUSD
Entry: 1763.698
TP: 1725.868
SL: 1792.235
Bias: Short
Our bias is bearish for this pair. After studying the price pattern and the dynamic support and resistance our conviction is stronger in favor of bearish bias. We had better look for shorting opportunity.
Xauusdforex
XAUUSD NeutralTime Frame: 4H
Symbol: XAUUSD
Bias: Neutral
The price pattern of gold is not showing any optimism for the time being. An obvious sign of lethargic movements is the position of different moving averages that we have attached for technical analysis purpose. We do not see any significant bias.
Gold XAUUSD Gold XAUUSD for the first time since April XAUUSD has formed a higher low and trying to break the resistance level of $1867, buyers are trying to take control and their power will be tested on the $1875 to $1877 level, breaking this level will lead Gold XAUUSD to test the level of $1900
Investors with long positions are advised to hold till the confirmation of the breakout then add to their positions .
Investors with short positions are advised to activate the stop-loss above the resistance level of $1875.
OANDA:XAUUSD TVC:DXY COMEX:GC1! COMEX:GC2!