XAUUSD
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β³4 Hour chart
π² Swing trade
β³οΈBullish entry
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Detailed analysis π¬
1οΈβ£ Lower trendline acting as major resistance
2οΈβ£ 1900.00 Key reversal area
3οΈβ£ Positive risk sentiment,Vaccine news,Selling off GOLD
4οΈβ£ 1960.00 Dynamic support and resistance
5οΈβ£ 1880.00 Lower side target
6οΈβ£ 1942.00 POC-Volume area
7οΈβ£ Technical support - Bullish
8οΈβ£ 2000.00 will acted as key reversal-bearish
9οΈβ£ GOLD is trading above the broader falling wedge a channel
π Possible swing target-2013.00
#οΈβ£ Overall long-term trend- Bullish
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π Technical bias-H4-Bullish
1-Price above 50,100,200 Exponential moving average
2-50 Exponential moving average strong resistance
3-Ichimoku cloud -cloud is still green-Price is above the cloud-Cloud supporting the bullish trend
4-Bollinger band- Price reached around the lower side of the band and medium term bounce towards middle band was expected
5-Relative strength index - Reached below neutral level
6-MACD -Turned red and well below signal line,oscillators still pointing towards downward
7-Stochastic - Reached 25- oversold condition short term pull back was expected
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Key reversal area's
1900.00 Key psychological level
1800.00 Key psychological level
1966.00 November-2020 month high
1774.00 November-2020month low
1848.00 September-2020 month low
1932.00 October-2020 month high
1764.00 December-2020 month low
1906.00 December-2020 month high
1923.00 50% Fibonacci retracement level
1960.00 61.8% Fibonacci retracement level
2013.00 78.6% Fibonacci retracement level
2000.00 Major psychological level
1910.00 Possible entry- Bull
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Bullish entry #gold #xauusd
Entry price -1910.00
Take profit 01 - 1965.00
Take profit 02 - 2013.00
π« Stop lose 1880.00
β¬οΈ 5.39% Growth expected
β€΄οΈ Account growth1.57 : 5.39
β Risk reward ratio 1 : 3.4
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β³4 Hour chart
π² Swing trade
β³οΈBullish entry
βββββ-βοΈββββββ-
Detailed analysis π¬
1οΈβ£ Lower trendline acting as major resistance
2οΈβ£ 1900.00 Key reversal area
3οΈβ£ Positive risk sentiment,Vaccine news,Selling off GOLD
4οΈβ£ 1960.00 Dynamic support and resistance
5οΈβ£ 1880.00 Lower side target
6οΈβ£ 1942.00 POC-Volume area
7οΈβ£ Technical support - Bullish
8οΈβ£ 2000.00 will acted as key reversal-bearish
9οΈβ£ GOLD is trading above the broader falling wedge a channel
π Possible swing target-2013.00
#οΈβ£ Overall long-term trend- Bullish
βββββ-βοΈββββββ-
π Technical bias-H4-Bullish
1-Price above 50,100,200 Exponential moving average
2-50 Exponential moving average strong resistance
3-Ichimoku cloud -cloud is still green-Price is above the cloud-Cloud supporting the bullish trend
4-Bollinger band- Price reached around the lower side of the band and medium term bounce towards middle band was expected
5-Relative strength index - Reached below neutral level
6-MACD -Turned red and well below signal line,oscillators still pointing towards downward
7-Stochastic - Reached 25- oversold condition short term pull back was expected
βββββ-β³οΈββββββ-
Key reversal area's
1900.00 Key psychological level
1800.00 Key psychological level
1966.00 November-2020 month high
1774.00 November-2020month low
1848.00 September-2020 month low
1932.00 October-2020 month high
1764.00 December-2020 month low
1906.00 December-2020 month high
1923.00 50% Fibonacci retracement level
1960.00 61.8% Fibonacci retracement level
2013.00 78.6% Fibonacci retracement level
2000.00 Major psychological level
1910.00 Possible entry- Bull
βββββ-βοΈββββββ-
Bullish entry #gold #xauusd
Entry price -1910.00
Take profit 01 - 1965.00
Take profit 02 - 2013.00
π« Stop lose 1880.00
β¬οΈ 5.39% Growth expected
β€΄οΈ Account growth1.57 : 5.39
β Risk reward ratio 1 : 3.4
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Trade closed: stop reached