Gold prices are under pressure from a strong USD
#XAUUSD: Bearish Comments - November 9
🔴ENTRY SELL: 1960-1964(STOP: 1973)
✅Target date: 1931
✅Distant goal: 1900
---H4 frame, gold fell sharply and completely broke through the 1960 support zone yesterday, clearly identifying a downtrend. Meeting yesterday's expectations, gold reached 195x.
---On the H1 frame, the price is currently showing signs of a short correction. Today it is possible that gold will recover slightly to the 1959-1960 resistance area and then continue to go down.
=> Today, to have more safe selling points, traders should wait for gold to test again to officially confirm an upcoming strong downtrend.
=> Wishing all traders a productive new trading week
🔴ENTRY SELL: 1960-1964(STOP: 1973)
✅Target date: 1931
✅Distant goal: 1900
---H4 frame, gold fell sharply and completely broke through the 1960 support zone yesterday, clearly identifying a downtrend. Meeting yesterday's expectations, gold reached 195x.
---On the H1 frame, the price is currently showing signs of a short correction. Today it is possible that gold will recover slightly to the 1959-1960 resistance area and then continue to go down.
=> Today, to have more safe selling points, traders should wait for gold to test again to officially confirm an upcoming strong downtrend.
=> Wishing all traders a productive new trading week
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.