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XAUUSD SELL PROJECTION 21.05.23

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OANDA:XAUUSD   黃金現貨 / 美元
Reason Behind the Bearish in the Following Week

Tecnically Reason

1. Double Top formed the Major Top @ 2050 and tends teh bearish Moment in last week and continuation in Fowwing Week too

2. Bearish Reversal M Pattern Spotted ober the Zone and which make the contination to 1900 after the retest of Immedaiate Support @ 2000 which due to Powells increase in Intrest rate

3. Clear Break Below 1950 which Moves Safe heaven to 1900 and Lower

Fundamental Reason

1. Dxy Beaked the 4h downtrenfd 102 and which retest the 101 which helps to reach 2000 and continuation of breakout lead DXY to 105 anf make XAUUSD/GOLD to 1900

Overall Possible Outcomes

XAUUSD SELL @ 2000-2005

SL 2027

TP1 1950

TP2 1900

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