Gold Short on Hourly

Expecting to see XAUUSD fall to support price 1616.00 by the end of the week.
The dollar remains strong causing the price of Gold to continue to drop.

I have based my analysis on the last time Gold saw these price points around the end of September. We can see MA crosses back then around the same price that we see them now before the price dropped.

Sell Entry: 1645.00
Targets: 1642.00 | 1640.00 | 1635.00 | 1629.00 | 1624.50 | 1620.00
Support: 1616.00

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Trade aktif:

Target 1640.00 has been reached so far.

Trade aktif:

Target 1635.00 reached. Targets up to 1620 now open.