TradingView
ForecastCity_ME
May 6, 2021 6:49 PM

πŸ’‘Don't miss the great buy opportunity in XAUUSDΒ Long

Gold/U.S. DollarFXCM

Description

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Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1798.04).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. XAUUSD is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at72 .

Take Profits:
TP1= @ 1820.12
TP2= @ 1833.43
TP3= @ 1854.36
TP4= @ 1875.33
TP5= @ 1902.06

SL= Break below S2

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Comments
Lizabet
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Looks great. Thanks
carefulOwl22772
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Awesome! Love this setup
salaimathavantrade
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Awesome!
That's really helpful sir, great analysis.
The chart is also clean and self explanatory.
vaibhavkap0305
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That's really helpful sir, great analysis. The chart is also clean and self explanatory.
With the help of this information and the information on this site, I got great results.
Data Source: Quantsapp
mdhanif1716
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Great analysis
MarutiNandanSh4
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Very nice expecting the same
Mehmetozdemi
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I like the excellent analysis.
davidgolandak
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Nice overview of the trade, thanks for sharing
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