GOLD/XAUUSD BULLISH MOVEMENT SOON TO COMEThere is a lot going on within the interest area being as follows
BREAK OF RESISTING TRENDLINE
RETESTING BROKEN SUPPORT + 1 HR SUPPORTING TRENDLINE.
61.8 BULL BACK HIT
WE ALSO HAVE A RETEST OF THE SUPER LCHI ON THE 4 HOUR
we may continue to see bullish movement next week until the price hits 1880.61
GOLD-BUY
How to buy xauusdHi Traders,
As we approach the middle of the New York Session, I see a potential setup on XAU/USD which we can take advantage of on Monday. Price has risen sharply off the Feds release earlier this week.
Looking at structure I see a potential buy coming on if we manage to get a retest of the broken support. I would like to see price pull back into 174500 and then reject where we can be looking for our entry, I would like to see A rejection and some consolidation in the area before attempting to take a buy. A bullish engulf would also be ideal.
Looking at where price is currently trading it could just give a push up to target without pulling back, If that happens we can find a potential entry above 1765.00. If price ends up pushing down without any signs of stopping I will be looking at a short position.
My target is the psychological level at 1800.
Hope you all had a successful one
Renaldo Philander
Mid term forecast of XAU/USD GOLDZEYAN here!!!!
I'm looking at the market as a bull, and as far as I can tell, in the medium term, it's more bullish than bearish
This is a general idea of how I view the market; I use various entry techniques; please do not take this information at face value; conduct your own research.
Please let me know in the comments if you want me to analyse your charts.
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This is not financial advice; please conduct your own research and use this information as confirmation in addition to your own analysis.