Hello Followers I am going to publish my technical setup on XAUUSD, So share your opinion in comments about my analysis..
XAUUSD is respecting the Trendline support area very well. Gold is touching the trendline and show the bullish trend again and again.. According to me XAUUSD will go for short (bearish) from this level otherwise It will give rejection from the pivot area.. The level of pivot area is 2952/2956.. XAUUSD Is giving rejection from the pivot area many times in last couple of days.. Let me tell you guys that gold will break the trendline support area today and will reach to the identified targets. XAUUSD can reach to the 1st Target around 2920 and if it break this properly then gold will easily reach to the 2nd Target 2900..
KEY POINTS:
CURRENT PRICE 2939
PIVOT AREA 2952/2956
TARGETS:
1st TARGET 2920
2nd TARGET 2900