XAUUSD, Price Direction after Rejection 1826.50
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My previous analysis described that there will be a bullish but the probability is small.
I have noticed that there is a strong bearish pattern identified with setup the Head and Shoulders not the most beautiful - but still, the H&S pattern. in this case the price movement will go to 1703.95 or even 1436.69 although I myself rarely enter this setup.
I don't think gold should fall. but time will tell ...
On the other hand, after the price rejection occurred at 1826.50 on the trading session Tuesday, February 16, 2021 and the support at 1815.20 was broken. maybe I would think that the recovery is underway with targets at 1850.23 and maybe 1881.68 or 1900 we will see what happens next ..
Disclaimer :
This is just a personal analysis as an analysis note, and it means a lot to me.
Please do not act as a signal to enter a trade because the analysis I post can be wrong.
If you follow this analysis please complete it with great detail And always with care.
I have noticed that there is a strong bearish pattern identified with setup the Head and Shoulders not the most beautiful - but still, the H&S pattern. in this case the price movement will go to 1703.95 or even 1436.69 although I myself rarely enter this setup.
I don't think gold should fall. but time will tell ...
On the other hand, after the price rejection occurred at 1826.50 on the trading session Tuesday, February 16, 2021 and the support at 1815.20 was broken. maybe I would think that the recovery is underway with targets at 1850.23 and maybe 1881.68 or 1900 we will see what happens next ..
Disclaimer :
This is just a personal analysis as an analysis note, and it means a lot to me.
Please do not act as a signal to enter a trade because the analysis I post can be wrong.
If you follow this analysis please complete it with great detail And always with care.
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Place Buy Stop @1790
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