XAUUSD - Weekly downside move
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Gold can Potentially have a downside move towards 1747, 1738, 1717, 1707.
Potential shorting area, 1772-1776 if failed 1779-1784 range can be next area to short.
- Rejection of Daily EMA (1796)
- Weekly Close below 1770 ( Monthly Pivot, Strong resistance)
- Candle Patterns, Strong Bearish reversal
Invalid if price moves above 1790-1800
Not a financial advice
Potential shorting area, 1772-1776 if failed 1779-1784 range can be next area to short.
- Rejection of Daily EMA (1796)
- Weekly Close below 1770 ( Monthly Pivot, Strong resistance)
- Candle Patterns, Strong Bearish reversal
Invalid if price moves above 1790-1800
Not a financial advice
Note
Buy was very successful, 1761.5 to 1784.
Sell taken at 84, Closed 75% at 71.
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