ForecastCity
Long

A trading opportunity to buy in GOLD

FX:XAUUSD   Gold Spot / U.S. Dollar
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1357.42). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. Gold 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 70.

Take Profits:
TP1= @ 1433.50
TP2= @ 1526.88
TP3= @ 1625.63

SL= @ 1333.00
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Thanks for publishing such a valuable trading opportunity to buy in GOLD.
+1 Reply
@fxniki, You're welcome.
Do you have any idea about this pair?
+3 Reply
fxniki ForecastCity
@ForecastCity, I agree with your idea.
+1 Reply
shamvisavadia ForecastCity
@ForecastCity, good shout, personally feel this will dump after TP1
+1 Reply
ForecastCity shamvisavadia
@shamvisavadia, Thanks for your comment.
Reply
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