ramin_trader2006

Gold daily chart say :

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
technical say AC indicator daily is buy(always if low break, AC buy will turn sell) on lower time frame fibo 61% 1940 still is upper target for short term
but for long term
if gold break Red trend line is important buy signal and upper target is near fibo 161% =2100

for coming days :
2 scenario can happend , go directly up , break red line and fly up to 2080 -2100
or
gold on bad news ,break low (sellstop possible but very very low size) then go down touch 1820 (buy limit place) and start big + up trend to 2100


ALERT= if gold break 1900 trendline , we must looking for buy , under 1940 fibo 61% we can put sellimit


wish you win
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.