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Gold prices are under pressure from a strong USD
#XAUUSD: Bearish Comments - November 9
🔴ENTRY SELL: 1960-1964(STOP: 1973)
✅Target date: 1931
✅Distant goal: 1900
---H4 frame, gold fell sharply and completely broke through the 1960 support zone yesterday, clearly identifying a downtrend. Meeting yesterday's expectations, gold reached 195x.
---On the H1 frame, the price is currently showing signs of a short correction. Today it is possible that gold will recover slightly to the 1959-1960 resistance area and then continue to go down.
=> Today, to have more safe selling points, traders should wait for gold to test again to officially confirm an upcoming strong downtrend.
=> Wishing all traders a productive new trading week
🔴ENTRY SELL: 1960-1964(STOP: 1973)
✅Target date: 1931
✅Distant goal: 1900
---H4 frame, gold fell sharply and completely broke through the 1960 support zone yesterday, clearly identifying a downtrend. Meeting yesterday's expectations, gold reached 195x.
---On the H1 frame, the price is currently showing signs of a short correction. Today it is possible that gold will recover slightly to the 1959-1960 resistance area and then continue to go down.
=> Today, to have more safe selling points, traders should wait for gold to test again to officially confirm an upcoming strong downtrend.
=> Wishing all traders a productive new trading week
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