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.