nikhilgautam7000
Long

IS IT A BUY OPPORTUNITY IN XAUUSD ?

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Okay, so last time we did an analysis on GOLD didn't end up well as prices broken below 1723. So, if anyone has their positions open in longs then keep it open it will recover :)

This month's NFP data showed a great recovery and have seen its impact on gold very well!!!

But, now GOLD s at a position that no bulls and not even bears can unsee this level as this area holds some good support if we look at daily charts and even in weekly charts too. It is very much sure that prices have a very high probability to bounce.

What we must do?

We must take a long position here with the same target of 1730 (as initial one) and above. This region has much importance and prices must rebound from here. Moreover, we have to be reactive here and not predictive. So, wait for Monday's opening, if we have a green candle then we are going to take this trade as the recovery trade!!!
SL will be 1662.

This will be a swing trade. So, be patient target will come :)

PS - If anyone wants a recovery trade to his/her account then this is that trade. ;)

We will keep you updated. Follow us :)
Telegram me - nikhil_7027




Comment: CAN TAKE LONG NOW!!
Trade active: BUY @1690
SL - 1675
Comment: Move stoploss to 1688
Comment: Move stoploss to entry price @1690 #NoLoss
Comment: +110 pips running
Comment: Move stoploss to 1700 (100pips secures)
Comment: Today + 1000 pips we still running that trade!! Contact me for this type of signals telegram - @nikhil7027

Comments

so far seems a good trade ! all the best
Reply
Amazing analysis! waiting for Monday's price action.
Reply
@Mronejr, Today + 1000 pips we still running that trade!! Contact me for this type of signals telegram - @nikhil7027
Reply
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