XAUUSD: $2740 Big Move In Making! Swing Buy
Updated
Dear Traders,
The price reached the 2603 region, where it was necessary to fill the Fair Value Gap (FVG). Since then, the price action has exhibited a remarkably bullish trend. Both technical and fundamental indicators suggest the potential for a bullish price movement toward 2700. As the price advances, we can establish strategic take-profit levels.
A potential new buying opportunity may arise in the 2640 region, where we observe a price reversal from the order block.
We extend our best wishes for a successful trading week.
The price reached the 2603 region, where it was necessary to fill the Fair Value Gap (FVG). Since then, the price action has exhibited a remarkably bullish trend. Both technical and fundamental indicators suggest the potential for a bullish price movement toward 2700. As the price advances, we can establish strategic take-profit levels.
A potential new buying opportunity may arise in the 2640 region, where we observe a price reversal from the order block.
We extend our best wishes for a successful trading week.
Trade active
Price reversed successfully from the area that we arrowed it. Currently +600 pips, the next target will be the 2740$.Trade closed: target reached
As previously indicated, the price was anticipated to surpass the $2700 level due to its accumulation, and this prediction proved accurate. The current market value is $2734, indicating a slight bearish trend.
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