newgenforex

GOLD (XAUUSD) - Bullish Week Ahead

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Using Fibonacci Retracement as my key indicator, you can see Gold has respected 23.6 level since the major bearish move last week. From also using the Stochastic indicator, you can we are current sat at 50. I would like to see price retrace slightly to the 23.6 level before making a Bullish move to the Golden Zone.

With a 1.66 Risk to Reward, a promising set up, lets hope gold can recover some of last weeks losses.

DONT FORGET TO LEAVE A LIKE, COMMENT AND FOLLOW FOR MORE TRADE SET UPS!

@newgenforex on all social media platforms :)

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter