XAUUSD Next Week
Updated
this week might be a little tricky.
my sentimental opinion remains bullish in total as the white path on the chart. BUT ...
Around 1930~1934 is a key level for me. if the price can hold above this level then we go higher. first around 1950 then 1963 and finally around 1980 is my current last TP.
Another one but riskier is around 1921. can enter both with 2~4$ stoploss
In case this level fails then the bullish move is invalid as well and we might look for short positions.
(also 1930 in case it shifts to bearish movement is a possible short zone. should update the analysis in that case)
my sentimental opinion remains bullish in total as the white path on the chart. BUT ...
Around 1930~1934 is a key level for me. if the price can hold above this level then we go higher. first around 1950 then 1963 and finally around 1980 is my current last TP.
Another one but riskier is around 1921. can enter both with 2~4$ stoploss
In case this level fails then the bullish move is invalid as well and we might look for short positions.
(also 1930 in case it shifts to bearish movement is a possible short zone. should update the analysis in that case)
Trade active
Note
long position triggered and active. don't forget setting a stop loss and trail it.in case 1909 fails, next risky buy position is 1897 and safer one is 1876-1881
possible sell position only if bullish idea fails is above 1827 (tight stoploss, risky)
Trade closed: stop reached
stoped out at 1909.risky buy pos: 1897
safe buy : 1876~1881
sell : 1927
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