ForecastCity

Don't miss the great buy opportunity in XAUUSD

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1503.09). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. XAUUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 71.

Take Profits:
TP1= @ 1519.70
TP2= @ 1535.00
TP3= @ 1554.90

SL= Break below S2
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Comments

Are we expecting it to fall drastically then take a turn back up?
+4 Reply
@ag1993, Thanks for sharing your idea.
+2 Reply
Love the clean analysis, very nice
+3 Reply
ForecastCity Best_Forecast
@Best_Forecast, You're welcome!
And thank you for your comment and wish you bests.
+2 Reply
Thank you for your perfect Support / Resistance and Technical Analysis!
+2 Reply
ForecastCity Forecast_Crypto
@Forecast_Crypto, You got it.
+1 Reply
It's really a great long opportunity in XAUUSD. Thanks
+2 Reply
@fxniki, You're welcome. Did you have any idea about it before reading this post?
+2 Reply
fali4209 fxniki
@fxniki, I doubt that very much
+1 Reply
@fali4209, Thanks for your comment on this post.
+1 Reply
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