XAUUSD has been pushing up with very little correction.
I will be waiting patiently for a correction on Gold and will be looking for buying opportunities.
I have drawn a trend line (box) which is being respected, however it is quite steep. If we see a break below this, I will be looking at the following levels for buying opportunities:
$3,000 - 23.60% fib retracement + respected psychological level.
$2,960 - 50% fib retracement + 1hr Fair Value Gap
$2,945 - $2,940 - 61.8 fib retracement and 1hr Order Block
Please let me know your thoughts in the comment section and if you like my idea please hit the like button!
I will be waiting patiently for a correction on Gold and will be looking for buying opportunities.
I have drawn a trend line (box) which is being respected, however it is quite steep. If we see a break below this, I will be looking at the following levels for buying opportunities:
$3,000 - 23.60% fib retracement + respected psychological level.
$2,960 - 50% fib retracement + 1hr Fair Value Gap
$2,945 - $2,940 - 61.8 fib retracement and 1hr Order Block
Please let me know your thoughts in the comment section and if you like my idea please hit the like button!
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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.
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.