Gold (XAUUSD) Daily Forecast Strong bearish!
Hi traders,
As you know *"Gold shows somewhere else and goes somewhere else"*.
when Monday opened the market, Gold hit the High of $1972.
and dropped rapidly to daily Support area $1951. shows some bearish pressure.
its simply means Gold was just trying to attract buyers.
Reason for sell:
US dollar index continuously going upside.
4hourly closed below 50MA.
May be touched Symmetrical triangle line.
Daily Targets:
$1938 and $1926
Every sytem has a Limiatation!
As you know *"Gold shows somewhere else and goes somewhere else"*.
when Monday opened the market, Gold hit the High of $1972.
and dropped rapidly to daily Support area $1951. shows some bearish pressure.
its simply means Gold was just trying to attract buyers.
Reason for sell:
US dollar index continuously going upside.
4hourly closed below 50MA.
May be touched Symmetrical triangle line.
Daily Targets:
$1938 and $1926
Every sytem has a Limiatation!
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