TRADE GOLD 12/9
🔥Gold daily update!
🟥It looks like XAUUSD is forming a bearish flag. Currently, the price is struggling to break above the 100-period moving average or 1725.00 horizontal level.
👇Therefore, today expect the price to decline to 1711.00 support level (50-period MA). Moreover, if the price breaks below the 50-period MA, it might fall to 1700.00.
✅The overall situation will change if the price manage to break above the 100-period MA and 1730.00 horizontal resistance level. In this case, will be looking for some buy trades with the target at 1745!
💚 GOOD LUCK💚
Edited 12 Sep 2022, 23:37
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.