Long

📈Gold 2H analysis, First day of the week📉

Updated

XAUUSD
XAUUSD

Hello Traders, please check out my previous ideas.
If the price breaks above the daily Bollinger midline or stabilizes above the 1900, the bullish scenario will be activated.
Targets are shown on the chart (1930 is my risk-free target).
If the price breaks below this range or breaks $1900, then we should stay for more price movements and the scenario will be rejected.
Additional downside scenario targets are available in previous gold analysis.

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CrazyS✌

Trade closed: target reached

After breaking the specified zone, gold reached the specified target✌💥

Note

As we specified in the analysis, if the price in the Fibonacci retracement does not go below the level of 1930, the bullish scenario can continue up to the upper trend line.✍🐱‍👤

Note

As we noted, the price reached the target of $1945.✌💥
Gold can move towards the upper trend line if it stabilizes above the yellow zone.✍🐱‍👤

Note

If the price continues to cross the 1-hour middle Bollinger line and returns above the yellow zone, gold can take the path of the bullish scenario.📈
If gold fails to stabilize above the 1-hour Bollinger Average, the price will go through a bearish scenario. The target levels of the bearish scenario are marked in yellow. (The first target is Freeman's risk level.)👻

Note

In the previous analysis, gold started an upward trend after stabilizing in the yellow zone and reached around $1,952.✌💥
Now, considering the rejection of the price from the 1950 levels, if the price remains below the 4-hour Bollinger level, the bearish scenario will be activated.✍🐱‍👤

CrazyS

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