Gold XAUUSD Long-term Bullish
Updated
The monthly chart on XAUUSD shows a great BULLISH setup.
A horizontal support level around the $1955 has been broke and confirmed.
Also, a descending trendline support has been broke and confirmed.
Price is currently retracing down and re-testing near prior support which is expected to hold. This is an excellent trading opportunity with low risk and high reward.
Entry = 1955 to 1960
TP = 2060
SL = 1945
Note: This is a long-term chart and therefore very reliable.
A horizontal support level around the $1955 has been broke and confirmed.
Also, a descending trendline support has been broke and confirmed.
Price is currently retracing down and re-testing near prior support which is expected to hold. This is an excellent trading opportunity with low risk and high reward.
Entry = 1955 to 1960
TP = 2060
SL = 1945
Note: This is a long-term chart and therefore very reliable.
Trade active
Support is holding strong in the general area. This is a long-term trading opportunity based on the 1 Month TF. Gold has fallen down to a very good buying level. Expect a move up to the 2000's soon.
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