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UPBO-SuperScalp
Aug 16, 2023 4:40 AM

XAUUSD 16/08 : Gold starts a new day 

Gold/U.S. DollarFXCM

Description

Gold strategy today OANDA:XAUUSD

Gold prices remain defensive at key technical levels, under pressure around recent multi-day lows.

Gold continuously traded around the important resistance zone of 1900USD but could not break through
The dominant trend of the whole time frame is still the downward trend of correction, so Sell strategies will still be preferred

However, we should only scalping short, because it is likely that Gold will have an increase because it has accumulated for a long time below this 1900USD area.

Trading Signals Sell OANDA:XAUUSD around 1919 - 1921

SL : 1928

TP 1 : 1915
TP 2 : 1912
TP 3 : 1910

Note : TP, SL full to be safe and win the market !

Comment

BUY XAUUSD 1893 - 1890

SL : 1880

TP 1: 1896
TP 2: 1899
TP 3: 1994
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