RLinda Trading

Professional trader with more than 12 years of experience in Forex, gold and cryptocurrency markets, including work with various exchanges, brokers and market makers, a large amount of theoretical and practical knowledge. With these capabilities in mind, we offer you the best signal provider service. Best forex signals, crypto signals and accurate gold signals will allow you to become a winner in trading
R.Linda Trading - forecast

Trading signals for #GOLD → The market is ready to continue its decline

GOLD Forecast
👑 Ideas For XAUUSD / GOLD

📈 GOLD → The market is ready to continue its decline

➖ ➖ ➖ ➖ ➖

GOLD continues to form a descending price channel. On Thursday a candlestick pattern is formed indicating the imbalance of forces in favor of sellers

This week is published quite a lot of interesting news. It is worth paying attention to:

• 1) Core Retail Sales (no data, the previous ones were bearish)

• 2) Retail Sales (expected to strengthen)

• 3) CPI (expected to decline)

• 4) FOMC Meeting Minutes

• 5) Initial Jobless Claims (no data, previous ones were bearish)

• 6) Fed MI
From a technical analysis perspective, gold is approaching the strong 1902-1900 liquidity area.

Last week's session is closing very close to local lows, which can be interpreted as the market's willingness to continue to gain momentum for further declines. A strong bearish trend dominates the market.

Local support: 1912.5, if this line is broken, an impulse to 1900 is possible, but a rebound should be expected from the mentioned support, most likely a rebound may follow during the news.

Support levels: 1912, 1902, 1900

Resistance levels: 1915, 1920, 1935

Gold continues to decline, and most likely, from the opening of the new week the price may continue to fall, but in the second half there may be a rebound and local contrend strengthening

➖ ➖ ➖ ➖ ➖

#XAUUSD 👑

〰️〰️〰️

🟡 How do I join the VIP🔅

Join the VIP channel 🟢

〰️〰️〰️

💬 My Contact - Ask Linda✅️

💻 Web - RLinda.com