Xauusdforex
XAUUSD LongTime Frame: 4H
Symbol: XAUUSD
Entry: 1902.134
TP: 1987.180
SL: 1842.826
Bias: Long
Gold is a oscillating between support and resistance and trying to create enough volatility and momentum to drive it upward. Though are are some trend corrections, an ultimate long bias is questionable at the current market conditions.
XAUUSD ShortTime Frame: 4H
Symbol: XAUUSD
Entry: 1873.413
TP: 1767.525
SL: 1952.829
Bias: Short
XAUUSD is facing a strong significant resistance at $1970, There are obvious reasons that We are bearish because the instrument will require strong momentum and volatility to cross this level upward but it does not have the necessary impetus now to do that change because of the gloomy market conditions in all verticals. SO we stay bearish.
XAUUSD ShortTime Frame: 4H
Symbol: XAUUSD
Entry: 1919.894
TP: 1841.778
SL: 1975.397
Bias: Short
For Gold our projection is bearish. We believe the gold will go further downward because of the current global context and commodity markets. Standing against dollar is a challenge for gold now, as a result we can go for a short opportunity.
XAUUSD ShortTime Frame: 4H
Symbol: XAUUSD
Entry: 1979.427
TP: 1882.027
SL: 2040.831
Bias: Short
For Gold our expectation is bearish and we are planning a short trade. As we see the current bullish price move is a discrepant accumulation of upward momentum which will be inundated by a new down surge soon.
XAUUSD ShortTime Frame: 4H
Symbol: XAUUSD
Entry: 1959.427
TP: 1859.701
SL: 2024.511
Bias: Short
For Gold we are going to short as it will be difficult for this pair to stand against gold from the current price context. We are bearish for this instrument and looking for a sell opportunity in the projected zone.
XAUUSD ShortTime Frame: 4H
Symbol: XAUUSD
Entry: 1934.042
TP: 1841.818
SL: 2007.821
Bias: Short
Gold will go down. The analysts are quite sure that the gold price will fall further due to current economic situation and the strength of dollar. All the major forecasts are in favor of dollar and those insinuate a downward movement of gold.