Gold (XAUUSD) Don't catch the falling knife!
Hi Traders!
According to our previous Analysis gold formed a false breakout and rejected by
Trendline of (B) at $1927.
After that it came back to its previous levels and placed 4H below
and Trend line (A) at $1910. which is also called Conflict area of 50EMA and Trendline.
Clues we need:
Rejection of Conflict area.(Price action traders activates)
Need consolidation below Conflict area. ( for Dip)
Break of 1888 for more confirmation. (Previous week PP)
Targets are mentioned in chart.
According to our previous Analysis gold formed a false breakout and rejected by
Trendline of (B) at $1927.
After that it came back to its previous levels and placed 4H below
and Trend line (A) at $1910. which is also called Conflict area of 50EMA and Trendline.
Clues we need:
Rejection of Conflict area.(Price action traders activates)
Need consolidation below Conflict area. ( for Dip)
Break of 1888 for more confirmation. (Previous week PP)
Targets are mentioned in chart.
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