currently the gold is moving between a bearish channel and is broken below the weekly resistance ..in that case it would be fall more until 1880 weekly support which was previous resistance .in that point gold seems quite bearish .we can see the daily demand around 1910 area was actived and price moved to 1930-1936 area again.
on other hands ,IF the gold trade above 1940 means ,the bulls back in to tha market then turn the trend to bullish side .currently we are only looking for gold selling opportunities until it trade below 1930 and 1940 area.
also the MACD histogram is giving a negative signal and that means there has a higher probability to sell on gold
good luck for this week..
XAUUSD
on other hands ,IF the gold trade above 1940 means ,the bulls back in to tha market then turn the trend to bullish side .currently we are only looking for gold selling opportunities until it trade below 1930 and 1940 area.
also the MACD histogram is giving a negative signal and that means there has a higher probability to sell on gold
good luck for this week..
XAUUSD
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HOPE everyone enjoying profit.we shoud exit 1890-1880 level.Stay tuned for more updates
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Check out my new prediction for more updates
