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 (1494.30). 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= @ 1516.75
TP2= @ 1535.95
TP3= @ 1556.00

SL= Break below S2
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Comments

thanks for such a valuable opportunity in XAUUSD.
+4 Reply
@fxniki, You got it.
+2 Reply
@fxniki, You got it.
+2 Reply
Will this happen today?
+4 Reply
ForecastCity AHappyTeddyBear5164
@AHappyTeddyBear5164,No, it won't. It will not happen in a day. The time frame is Daily.
+2 Reply
@ForecastCity, ahh I see. I currently got two trades open at 0.15 at 1518.07 so hoping it'll go up tonight once it opens (GMT Time)
+1 Reply
I enjoyed this opportunity to buy in Gold very much.
+3 Reply
ForecastCity Best_Forecast
@Best_Forecast, We are so happy you enjoyed it.
+2 Reply
Do you think the market has further down momentum when the market opens tonight.. currently sitting at 1517 worried it may drop further first sl on my buys 1516
Reply
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