XAUUSD made a aggressive bullish rebound from 1707 area and has close way above the H1 trend line and now testing the supply area around 1730.00, this supply area also has a confluence of trendline and 50 period moving average on H1, a bullish move is expected from 1730.00 area to the next demand zone of 1759.00 which also has a confluence of 200 period moving average.
Buy around 1731.00, takeprofit: 1759.00, stoploss 1719.00 ---- 280 pips opportunity
Buy around 1731.00, takeprofit: 1759.00, stoploss 1719.00 ---- 280 pips opportunity
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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.