👑 Ideas For XAUUSD / GOLD
📈 GOLD → Correction amid strong bearish trend
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XAU stops its fall after reaching our yesterday's target. After a false breakout of 1860, a counter-trend correction to resistance is forming. But why!?
The price cannot fall all the time, after a strong movement to one side or another a correction is formed to increase liquidity - complex mechanisms of market management by big players.
The price is approaching the area of 1875 - an important enough place to form further targets. Above 1878 a pool of liquidity is forming and most likely the price may form a retest or a false breakout before falling further. Maybe a sideways flat will form after a strong fall. But at the moment we have the background of a strong trend
Key resistance: 1875, 1878
Key support: 1860
In the long term I expect a continuation of the fall, the reasons for this are given in the early ideas. But a small correction may follow before a further fall
➖ ➖ ➖ ➖ ➖
#XAUUSD 👑
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📈 GOLD → Correction amid strong bearish trend
➖ ➖ ➖ ➖ ➖
XAU stops its fall after reaching our yesterday's target. After a false breakout of 1860, a counter-trend correction to resistance is forming. But why!?
The price cannot fall all the time, after a strong movement to one side or another a correction is formed to increase liquidity - complex mechanisms of market management by big players.
The price is approaching the area of 1875 - an important enough place to form further targets. Above 1878 a pool of liquidity is forming and most likely the price may form a retest or a false breakout before falling further. Maybe a sideways flat will form after a strong fall. But at the moment we have the background of a strong trend
Key resistance: 1875, 1878
Key support: 1860
In the long term I expect a continuation of the fall, the reasons for this are given in the early ideas. But a small correction may follow before a further fall
➖ ➖ ➖ ➖ ➖
#XAUUSD 👑
〰️〰️〰️
🟡 How do I join the VIP🔅
⚡ Join the VIP channel 🟢
〰️〰️〰️
💬 My Contact - Ask Linda✅️
💻 Web - RLinda.com ✅