MagicFire

Gold Trading Ideas for monday

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
HI traders. I just want to share my analysis. I am new into trading, if you have some feedbacks i will be glad for some feedbacks. From the technical side, Gold on the 4 hour just pulled back and did not break the trend lines. It is still overall on the increasing trend. From 1 hour it just reached a demand zone. I would be looking to get in when price pulls back alittle bit at 2343.409. My tp is at 2395.672 while my stoploss is at 2333.184. I believe fundamental analysis will support this idea as Iran might start a war on Israel. This is my overall analysis for gold.

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