Gold XAUUSD
Hello Traders , late with my TA as I have been busy , I hope your all beating the Markets and staying in profit.
In my previous idea I spoke about selling pressure as a possible result of peace talks. Gold has been declining in price and we have seen alot of increased selling presure. There is a "squeeze" "Bull Flag" formation on all time frames if there is a breakout of the above decending channel then I have hightened where price could go.I have also highlighted the area that has been a key reversal zone however we know the more an area is tested the less it is respected, most likely if price drops it will not hold and bears will drive the price down to 1850
Good luck and have a profitable end to the week !!!!
In my previous idea I spoke about selling pressure as a possible result of peace talks. Gold has been declining in price and we have seen alot of increased selling presure. There is a "squeeze" "Bull Flag" formation on all time frames if there is a breakout of the above decending channel then I have hightened where price could go.I have also highlighted the area that has been a key reversal zone however we know the more an area is tested the less it is respected, most likely if price drops it will not hold and bears will drive the price down to 1850
Good luck and have a profitable end to the week !!!!
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