XAU/USD Gold weekly overviewXAU/USD Gold weekly overview
On the chart we see that currency rate 9 days ago bounced up before key level $1236. That was a signal that big players want to get more fuel for continue of the trend. Also, as you see on the chart there are bearish moving from 4 -month range $1300 — $1360.
After such accumulation of volume, the price can't turn it direction in 1 moment. I think the price will continue moving down to key 13 months low $1204. Only near $1200 — $1204 we will be able to look for short.
Xauusdprediction
Gold Has Shown signal for Short....Gold (XAUUSD) has Show signal for short
Take a look at this chart. Price made a fake broke of key level $1307.66. H1 close under it.
Also, that level is under that huge Range where big players accumulated their position. I think that can start a strong move down.
I opened Sell at $1305.12
S/L: $1310.25
T/P: $1265
If the price will move down that will be R: R — 1:5 or higher.
Look for buy ONLY if the price will break up $1310 and H4 -D1 close upper it. Only if candle close u will be able to open buy.
XAUUSD - BUY FROM THE BLUE ZONEHi Everyone ! getting Some msgs from Followers to Analyse the Gold for them, So here is the chart of Gold. The blue Zone Provided in the chart is ideal for Gold to buy . Blue Zone covers 3 Confirmations, Completion of Cypher pattern, Support and psychological Barrier. Thanks