XAUUSD Potential Long Opportunity
Looking at the weekly timeframe, we can see that gold made a deep retracement starting in August 2020 and has create a potential long term bullish flag pattern
Gold currently has encountered resistance at 1690 which is the 0.618 Fibonacci level according to last Higher Low which the bullish trend since very much intact. This point also happens to be a psychological level with 1700.00 as well as potential support level according to past candle sticks
Looking to trade on a long opportunity
SL: 1665.00
TP: 2070.00
Potential R:R =7.14
Gold currently has encountered resistance at 1690 which is the 0.618 Fibonacci level according to last Higher Low which the bullish trend since very much intact. This point also happens to be a psychological level with 1700.00 as well as potential support level according to past candle sticks
Looking to trade on a long opportunity
SL: 1665.00
TP: 2070.00
Potential R:R =7.14
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