XAUUSD break falling trendline and retest completed ready to🚀 ?

٢٣ مارس ٢٠٢١

Here is an update for gold we talked about high potential of gold many times around 1680--1710 and buy signals on the lowest price possible and members enjoy that for sure 😏:

now there are some important things that should considered :
1.the concern of bearish market for gold is still available and why :because maybe gold is pumping to retest previous daily support on 1760 that is now resistance and more fall after that :


2.new trendline formed (green trendline)

3.falling trendline broke and seems that retest completed too

so what to do?
short-term scenarios all are bullish but long-term is kind of confusing .

Green path :here what is expected completely shown on chart and Targets
Targets :
A. 1752
B. 1760
C. 1770

Red path :if market lost support and break trendline then as we talked about long-term bearish market ,we would expect falling once again

DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.


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