Gold Trader

Posted byNeil CallardPosted inforex technical analysis

June 14 2021

Gold’s 2 day drop from a failed break above 1900.00 to hitting support at 1846.00 http://www.eightdragonstrade.com

The XAUUSD 2 dollar box chart saw the first of 14 sell signals at 1896.00. This gave the sellers complete control of the one-sided move on Friday and most of Monday. Gold buyers failed to record a signal buy signal from 1902.00 to 1846.00.

XAUUSD finally recorded a buy signal at 1850.00 and then 1852.00, which preceded the bounce to 1868.00

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Published by Neil Callard

Forex Trader and Educator. 30 years trading experience, of which 20 years was market making in major currencies in large international financial institutions.

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