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[XAUUSD] May 13, 2020 - ALuoTradingJournal

FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
***XAUUSD ***

Resistance Level Entry: 1717 (Depend on the Candlestick signal)
SL (final point for changing in direction) : 1750 (Depend on the Candlestick signal)
TP Resistance level (Ideal TP): in between 1626 ~ 1650

Comment:
Since after the big drop of 30% with oil , gold spread has not been normal for most platforms.
It will not be a considering instrument to currently trade. However, it is still good to keep an eye on the trend, to see how it will go in longrun.


(Note: The forecast above is an estimation of the resistance and support level for the Entry, TP, and SL. For more precise positions, will depend on the shape formed with the candlestick at the time.)

Roger V WeChat: lokiho512

Disclaimer: ALuoTradingJournal does not provide any personal advice or general advice. This is only a journal to keep ALuo in noting the trades and what the market is going on as a trading journal. ALuo will not take any responsibility for any profits or losses. Please trade at own risk.

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