boyinjungle

Gold Daily Analysis 27.02.2023

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold is making new lows. Trend is Bearish. But we have strong support at 1800. So we can see some stop loss hunting at this level before Gold rebounds.
But dont go for sell at these levels and wait for the right price to buy.

I suggest to add BUY at every new low in this level.

BUY 1792 SL 1782 TP 1832
BUY 1802 TP 1818

We have trend decider at 1818. The resistance is at 1834.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.