Here is our view on XAUUSD. Potential long opportunity.
XAUUSD has been trying to break below our Key Level 2624 for quite some time. Today we sent out an quick update regarding XAUUSD and explaining that if we manage to break below 2624 we could enter into sells to lower Key Levels 2604 and 2590. However we also mentioned a break above 2640 would result in more upside. Considering the fact we have broke above 2640 we are looking for buys on this pair.
PARAMETERS
- Entry: 2638.000 - SL: 2628.000 - TP: 2678.000
KEY NOTES
- XAUUSD failed to break 2624.
- XAUUSD broke above 2640.
- Breaks below our SL (Stop Loss) would result in lower prices and possible reverses.
Happy trading!
FxPocket
Trade active
XAUUSD has broke above 2650 confirming further buys.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.