blueeaglefxtrader

XAUUSD ( Gold ) Analysis & Moving Zone. (Long, Short)

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
Welcome to my new Analysis, In my Last Analysis we hit our Target
In this Analysis, I have shown my Idea of Gold how will it continue to move In Graph.
If Gold will continue to move up and Breach its Resistance Box (Blue Box) wait for Rejection candle then Buy Target:1885
If Gold will Drop below than (Red Box) Support 1838.85 wait for Rejection candle then Short Target: 1820
As Corona Pandemic Situation is Increasing Day by Day in USA & Economy is not so good, I will Support Buy Position for XAUUSD
Our Target of Gold is 3000.00 in 12 to 15 months from now on.
I suggest you to not Enter a Sell position for the Long term.

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