🔥Gold daily update!
🟥It looks like XAUUSD is forming a bearish flag. Currently, the price is struggling to break above the 100-period moving average or 1725.00 horizontal level.
👇Therefore, today expect the price to decline to 1711.00 support level (50-period MA). Moreover, if the price breaks below the 50-period MA, it might fall to 1700.00.
✅The overall situation will change if the price manage to break above the 100-period MA and 1730.00 horizontal resistance level. In this case, will be looking for some buy trades with the target at 1745!
💚 GOOD LUCK💚
已編輯 12 Sep 2022, 23:37
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