XAUUSD Bearish Pattern

Gold is starting to struggle above the $1,800 level, following the early-week recovery back towards the technically important $1,815 level. The daily time frame shows that an extremely large head and shoulders pattern, with a $200.00 downside projection, is starting to form. Weakness below the $1,760 support level is currently required to activate the bearish price pattern.


XAUUSD is only bullish while trading above the $1,800 level, key resistance is found at the $1,815 and the $1,825 levels.


If XAUUSD trades below the $1,800 level, sellers may test the $1,775 and $1,760 support levels.



0 views0 comments

Credit 

Caution:

Trading involves the possibility of financial loss. Only trade with money that you are prepared to lose, you must recognize that for factors outside your control you may lose all of the money in your trading account. Many forex brokers also hold you liable for losses that exceed your trading capital. So you may stand to lose more money than is in your account. Smart Analysis Pvt takes not responsibility for loss incurred as a result of our trading signals. By signing up as a member you acknowledge that we are not providing financial advice and that you are making a the decision to copy our trades on your own account. We have no knowledge on the level of money you are trading with or the level of risk you are taking with each trade. You must make your own financial decisions, we take no responsibility for money made or lost as a result of our signals or advice on forex related products on this website.

PayPal

Credit  & Debit Card

  • Black Facebook Icon
  • Black Instagram Icon
  • Black YouTube Icon

© 2023 by Personal Life Coach. Proudly created with Wix.com