ForecastCity_ME

💡 Two buy opportunity in XAUUSD, Mid-Term & Short-Term

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Mid-Term Forecast

Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1920.0).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. XAUUSD 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 60.

Take Profits:
TP1= @ 1975.00
TP2= @ 2000.00
TP3= @ 2015.30
TP4= @ 2075.00

SL= Break below S2

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Short-Term Forecast

Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1926.5).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. XAUUSD is in a 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 at 73.

Take Profits:
TP1= @ 1955.5
TP2= @ 1977.0
TP3= @ 1992.2
TP4= @ 2015.2
TP5= @ 2075.0

SL= Break below S2

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Comments

Nice chart.
+2 Reply
@Lizabet, Thank you!
Reply
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