XAUUSD ( Gold) ( RFI Level entry) We need to wait for a test of this RFI level, as well as a confirmed break inside it on the lower timeframes. Otherwise, let the price go without us.
Xauuasdidea
XAUUSD: Focus on whether gold can stand above 1990
Gold closed on Friday 1992, now looking to move up the range to 1990-2010, next week focus on whether gold can stand above 1990!
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Gold is short at 48-49, expected to correct during retracement
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Gold, the U.S. market has once again broken through, currently reaching a maximum of around 48. In the short term, this week will also usher in three consecutive positives, so this action is likely to be an unjust move, and the pressure from above will also It’s coming soon, and the current suppression level of gold remains at the 50 line. This position is also an important suppression level in the near future. It is very likely to break through in the evening, but the probability of breakthrough is not high. We still need to continue in the evening Bearish on gold, we are facing the first wave of retracement since the counterattack, and the support below will also remain at the 20 line. This position is also the limit of the retracement of this wave of short patterns. Once it continues to break down, it will be very likely. The possible reversal of the short position will also end the upward willingness of the bulls. At present, the daily line is above the moving average system, and the upper pressure of the weekly line is maintained at the mid-track position. This position is probably around 55, and in the evening For gold, let’s go short around 48-49 first, and the target is around 35-25, with a loss of 55.5. If you stand above 50 for a long time, you can consider adjusting your position and getting out.
XAUUSD at daily support, likely to head to 1936-1943The price has hit the daily support after getting rejected from weekly resistance. I think the price shall have a bounce here which means a long is favorable from here. The target of this trade should be the daily resistance DR1 which is sitting around 1936-1943 area.
