2411 XAUUSD 1800 looks dangerous now

Hello traders,

As I always say, GOLD looks bearish to us.
Now seems more clear now.
On monthly chart, it is possible to test 1680-1700 in 1st season of 2021. 1500 looks too far from now . But it is possible for a mid year target in 2021.

On daily chart, GOLD is running beneth both EMAS on its 3rd wave down with the downtrend channel.
The 3rd wave could stop till it hit fibo ext 1.27-1.414. That means 1800 will be broken by the strong trend. It only needs some time
1770 is possible in Dec too.

Good luck, my friend.
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Yorum:

İşlem kapandı: hedefe ulaştı:

1801 as 1.27 ext fibo target hit.