Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1854.75).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XAUUSD is in a uptrend, and the beginning of a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 64.
Take Profits:
TP1= @ 1829.45
TP2= @ 1813.75
TP3= @ 1791. 05
TP4= @ 1772.60
TP5= @ 1750.65
SL: Break Above R2
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ForecastCity English Support Team âĪïļ
". There is still a possibility of temporary retracement to the suggested resistance line (1854.75).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XAUUSD is in a uptrend, and the beginning of a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 64.
Take Profits:
TP1= @ 1829.45
TP2= @ 1813.75
TP3= @ 1791. 05
TP4= @ 1772.60
TP5= @ 1750.65
SL: Break Above R2
âĪïļ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the ð LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
âĪïļ Your Support is very much ð appreciated!âĪïļ
ð Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, âĪïļ
ForecastCity English Support Team âĪïļ