M PATTERN CREATED, CAN XAUUSD WILL FALL? [Read Caption]

17 ก.พ.

Hello Followers I am going to publish my technical setup on XAUUSD, So share your opinion in comments about my analysis..

XAUUSD Has made a M pattern and now it will fall. XAUUSD Has also break the trendline support area and it has also retested it, Let me tell you guys XAUUSD is currently running at a major resistance area, the level of resistance is 2902/2912. According to me XAUUSD will go for short from the resistance and will reach to the first target 2880, let me tell you that 2880 is a support area, if Gold break 2880 then will reach for the second target 2945 that is also a demand zone 2848/2841. I have applied the Short Position also in the chart...

KEY POINTS:
CURRENT PRICE 2900
RESISTANCE 2902/2912
DEMAND ZONE 2848/2841

TARGETS:
1st TARGET 2880
2nd TARGET 2845
CANCEL TRADE 2825

19 ก.พ.

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