2 Sell opportunity in XAUUSD , Mid-Term & Intraday

1 באוק׳ 2020

Mid-Term Forecast:

Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1909.00).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. XAUUSD is in a downtrend and the continuation of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 48.

Take Profits:
TP1= @ 1851.00
TP2= @ 1817.75
TP3= @ 1747.00
TP4= @ 1695.00
TP5= @ 1557.00

SL: Break Above 1934.00

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Short-Term Forecast:

Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1909.00).
if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. XAUUSD is in a downtrend and the continuation of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 70.

Take Profits:
TP1= @ 1884.00
TP2= @ 1875.00
TP3= @ 1866.00
TP4= @ 1848.60
TP5= @ 1818.00

SL: Break Above 1925.00

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