Gold Spot / U.S. DollarUpdated strategy of XAUUSD for This week
Please before reading this strategy, read my last opinion about XAUUSD to know more about XAUUSD.
XAUUSD chart puts in a Triangle pattern. I expect that during this week or ultimately during next week, the chart breaks one of the triangle's sides. Thereby, If the chart breaks the support area near 1750$, I will open sell position for the first target near 1680$. Otherwise, if the chart breaks the resistance area near 1850$, I will open a buy position for first target near 1990 - 2000$.
XAUUSD chart puts in a Triangle pattern. I expect that during this week or ultimately during next week, the chart breaks one of the triangle's sides. Thereby, If the chart breaks the support area near 1750$, I will open sell position for the first target near 1680$. Otherwise, if the chart breaks the resistance area near 1850$, I will open a buy position for first target near 1990 - 2000$.
Trade active
the chart broke its resistance, and now buy order actives.First target: 1900
Second target: 1960-1985
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