XAUUSD
XAUUSD has landed at support 1629 again but has not managed to break it again. The downward trend is getting more sloping, making support 1629 and 1617 become the decisive support whether or not the Loco continues to decline. Doing SELL is still the right choice for GOLD because there's no reversal pattern to be happen soon in sight.
[Possible to take]
USE Half LOT. SELL LIMIT 1641 SL 1651 TP 1618.
R3 1668,290
R2 1659.800
R1 1646.100
PV 1628.440
S1 1616.870
S2 1608.120
S3 1594.000
XAUUSD has landed at support 1629 again but has not managed to break it again. The downward trend is getting more sloping, making support 1629 and 1617 become the decisive support whether or not the Loco continues to decline. Doing SELL is still the right choice for GOLD because there's no reversal pattern to be happen soon in sight.
[Possible to take]
USE Half LOT. SELL LIMIT 1641 SL 1651 TP 1618.
R3 1668,290
R2 1659.800
R1 1646.100
PV 1628.440
S1 1616.870
S2 1608.120
S3 1594.000
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.