Harmonicforex
XAUUSD > On-Demand Analysis for Gold.Analysis of #XAUUSD
I got a lot of requests to do an analysis for Gold and here is my analysis.
as you can see from my chart I highlighted how choppy is a move for gold and how sensitive it is to every news.
Currently, we are in a range or sideways movement.
Short-term support near 1815, we can do small buys
Short-term resistance 1842-1845, we can do small sell
Significant resistance level 1872-1879, we can look to start a sell here if the rules for entry are met.
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Thanks for your continued support!
Bearish Butterfly D1Open - 1.28916
TP1 - 1.29099 (target already reached)
TP2 - 1.24514
TP3 - 1.24015
SL - 1.33499
Please note that my setups are not signals to trade but my own personal analysis and predicted direction. To enter a trade it must be validated by multiple different indicators and confluence factors.