💡Don't miss the great sell opportunity in XAUUSD

2020年11月12日

Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1908.8). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. XAUUSD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 45.

Take Profits:
TP1= @ 1850.30
TP2= @ 1815.95
TP3= @ 1787.10
TP4= @ 1744.65
TP5= @ 1688.45

SL: Break Above 1935.0

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