Gold standing at the top zone of the Down Trendline

XAU/USD Down Trend Analysis

Gold is moving in a down trend by forming lower highs, lower lows in 1 hour chart.

Now, market standing at the top zone of the down trend line.

Let’s wait for the confirmation of reversal for entering into the gold trading. Because, gold is standing at the top most price level area now.

NOTE: Always use Stop loss while trading on gold or else you will loss more in short time.

US-China relations help gold to move up and it hits the top zone for 4th time.

Some of the Renewed USD weakness provided an additional boost to the dollar denominated commodities.

Market participants now looking for technical movement for short term trading opportunities.

We always want you to trade forex market safe with care.

Please Don’t trade all the time, trade forex only at best trade setup.

It is better to do nothing, instead of taking wrong trades.

We are here to help you for taking the trades only at best trade setup.

If you like to receive more analysis at accurate time, subscribe to premium or supreme signal plan here : forexgdp.com/forex-signals

If you want to learn forex trading using best trading strategies, you can purchase our forex trading video course here.

Thank you.

FOREX GDP

Forexgdp.com is providing High Quality Forex signals services exclusively to all type of traders around the world. Forex GDP team worked with Major banks, Financial Institutions, Liqudity providers, Forex brokers in different job positions such as Equity Dealer, Fund Manager, Senior Market Analyst, Risk Manager and other major roles in Forex Trading Companies. Try our Free service now to see the quality trades. Join Free to explore the market opportunities with experts.

FOREX GDP