Markzul

BUY POSSIBILITY FOR XAUUSD

Long
SAXO:XAUUSD   Gold Spot / U.S. Dollar
Based on the current market, we can see;

1) I have uploaded XAUUSD analysis before (check my profile in the Ideas area) and we have managed to hit TP at 1813.36 and then XAUUSD reacted at TP level to become a buy entry now.

2) I expect XAUUSD to go up and touch the SBR zone first, so set your first TP at 1894.85.

3) The second TP can be set at 1958.15 on the QM zone as already marked in the chart.

4) The estimation for SL is 1777.11 (-500 pips) starting from the current market movement. So, be careful because the value of SL pips is enormous.

5) This is a swing setup. So bare the risk.
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