The most fundamental trading logic of XAUUSD.From the trend of XAUUSD, it is still mainly selling.
Trading logic, the current geopolitical situation has eased, which is the biggest negative news for xauusd. Tariffs have eased.
In other words, selling pressure exceeds demand.
So continue to sell at the current price of 3230-3220. The target is below 3200.
Always remind trading risks. So don't ignore this. If you don't know how to trade. Remember to wait and see. Don't trade blindly or gamble.
Many investor friends know that I have led some investors to create good profits for several consecutive days. If you don't know how to trade, remember to leave me a message and try it. Maybe your profit will double.
Xauusdxauusd
XAUUS UPDATE SHORT 1H TimeframeI See a Pattern FOr SHort Term
SELL LIMIT 1886- 1895
SL 1908
Take Profit 1 : 1860
Take Profit 2 : 1843
Take Profit 3 : 1820
BUY LIMIT 1862 - 1866
SL 1850
Take Profit 1 : 1874
Take Profit 2 : 1885
Take Profit 3 : 1893
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everyone is mad at meGold managed to hold advance toward 1249.60, 38.2% level from November 2015 lows, to highs in March 2016.
Market now faces resistance at 1197 and 1206, as long as we hold below this zone another drop wave will be expected toward 1172.06.
Above 1206 more advance may hit market toward 1249-1250 zone. 1249.60-1250 will be treated as resistance for the coming Short-Run which may add fuel to another drop toward 1172.06-1165 zone.
Not a buyer above 1249.60-1250, instead expect to see some hard selling there and I seem to be the one spreading the bad news for any bulls expecting gold to get 20k, best of luck trading this I will be uploading a daily chart to go with this as have had many requests.
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