Gold Spot / U.S. DollarUpdated XAUUSD
Here is our view and update on XAUUSD. Potential opportunities and what to look out for.
Since our last analysis on XAUUSD, gold rose from 2550 all the way up to our targeted 2700 Key Level. Right now we are trading at 2680s. What to look out for now? What’s next? We have two possible scenarios.
Scenario 1: BUYS
We broke above 2685 and trading above 2696. That would confirm continuation buys and we would be targeting 2730.
Scenario 2: SELLS
We failed to break above 2685 and are trading below it. That would confirm our sells and we would be targeting 2650-2640.
The direction for now is unclear until we break our mentioned key levels. Be patient and stay tuned for possible scalps on this pair.
KEY NOTES
- XAUUSD breaking above 2685 would confirm buys.
- XAUUSD failing to break above 2685 would confirm sells.
- Trading above 2696 would confirm our next target 2730.
Happy trading!
FxPocket
Since our last analysis on XAUUSD, gold rose from 2550 all the way up to our targeted 2700 Key Level. Right now we are trading at 2680s. What to look out for now? What’s next? We have two possible scenarios.
Scenario 1: BUYS
We broke above 2685 and trading above 2696. That would confirm continuation buys and we would be targeting 2730.
Scenario 2: SELLS
We failed to break above 2685 and are trading below it. That would confirm our sells and we would be targeting 2650-2640.
The direction for now is unclear until we break our mentioned key levels. Be patient and stay tuned for possible scalps on this pair.
KEY NOTES
- XAUUSD breaking above 2685 would confirm buys.
- XAUUSD failing to break above 2685 would confirm sells.
- Trading above 2696 would confirm our next target 2730.
Happy trading!
FxPocket
Trade closed: target reached
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Disclaimer
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.
Join us for free at t.me/fxpocket or visit fxpocket.com
Disclaimer
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.