GOLD TODAY CONFIRM ANALYSIS (READ DESCRIPTION)

The Relative Strength Index (RSI) on the daily chart is flashing extremely oversold conditions and makes it prudent to wait for some near-term consolidation or a modest bounce before positioning for a further depreciating move. The lack of firm buying interest, meanwhile, validates the near-term negative outlook for the XAU/USD. Hence, some follow-through weakness below the $1,815 level, or a multi-month low set on Tuesday, towards challenging the $1,800 round figure, looks like a distinct possibility.

A convincing break below the latter will expose the next relevant support near the $1,770-1,760 region. On the flip side, any recovery attempt might confront stiff resistance and remain capped near the $1,830-1,832 horizontal zone. A sustained strength beyond, however, might trigger a short-covering rally and lift the yellow metal to the $1,850 hurdle en route to the $1,858-1,860 strong barrier
GOLD SELL : 1822
TP : 1810
TP : 1800
TP : 1790 TARGET
SL : 1934

Comentarios:

10 Pips Running

Comentarios:

15 Pips Running

Comentarios:

Confirm Analysis

Comentarios:

Follow Us

Comentarios:

Running In Profit.

Comentarios:

Follow My Chart

Comentarios:

Follow For More Charts

Comentarios:

Hold Sell

Comentarios:

30 Pips Running

Comentarios:

Confirm Chart..

Comentarios:

40 Pips Done>

Comentarios:

50 Pips Running Enjoy.

Comentarios:

Confirm Target

Comentarios:

Support US Need Some Support

Comentarios:

Confirm Chart FOllow It

Comentarios:

Hold In Sell For Big Profit

Comentarios:

Running Big Profit

Comentarios:

Follow Us For More Good Charts

Comentarios:

70 Pips Enjoy..

Comentarios:

Confirm Target.

Comentarios:

Target Is Near To Complete