tazeen

tazeen

I am looking forward to a fall in this precious metal Xau/Usd from 1777 to 1770 this week. I am using daily chart to mark my levels here, whereas I will conclude how it will react in long term after it closes this week.

tazeen

Though gold/XauUsd has bullish bias, but still I am looking for a bounce back in this precious metal, where price will retrace back to 1680 and 1640 to again resume its major bullish trend. If it breaks the trend line above before any retracement, then this analysis would be considered void.

tazeen

Here is my weekly chart on precious metal gold, where I can see a nice sell setup as it has reached an all time high, where a bounce back is necessary to further resume its bullish trend. So trade the trend lines. Any break above will void this analysis.