Hello Followers I am going to publish my technical setup on XAUUSD, So share your opinion in comments about my analysis..
XAUUSD Has break the Trend line and also have retested it, but let me tell you that gold is running at a support area that's level is 2914/2909, so it is possible that XAUUSD will move further high.. So it will be good to go with the trend, According to me XAUUSD can move to the 1st Target 2935 and then if break this level then will reach to 2nd Target 2950 that is all time new also.. First target also work as a resistance area.. I Have also identified a long position in the chart as well...
KEY POINTS:
CURRENT PRICE 2917
SUPPORT AREA 2914/2909
TARGETS:
1st TARGET 2935
2nd TARGET 2950
CANCEL TRADE 2900
XAUUSD Has break the Trend line and also have retested it, but let me tell you that gold is running at a support area that's level is 2914/2909, so it is possible that XAUUSD will move further high.. So it will be good to go with the trend, According to me XAUUSD can move to the 1st Target 2935 and then if break this level then will reach to 2nd Target 2950 that is all time new also.. First target also work as a resistance area.. I Have also identified a long position in the chart as well...
KEY POINTS:
CURRENT PRICE 2917
SUPPORT AREA 2914/2909
TARGETS:
1st TARGET 2935
2nd TARGET 2950
CANCEL TRADE 2900
Trade active
Hey traders XAUUSD has reached to the first target and gold has reached to 2938 successfully now if gold break 2937 properly then it will reach to the second target otherwise it can give rejection from here.Trade closed manually
Hey traders XAUUSD has fallen down as i said because I told you before that if gold do not break 2937 properly then it will fall and yes XAUUSD has fallen to 2890 successfully now lets close this setup manually..
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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.