XAUUSD 16hour: BUY pullback TP 1780(NEW) Long

GoldOANDA

Description

⋅ May 24, 2020 3:51 PM

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XAUUSD 16hour: BUY pullback TP 1780(NEW)

🔸 Summary and potential trade setup
::: XAUUSD 16hour chart review
::: pullback likely to re-test 1700 USD
::: chart is still strong
::: further gains after pullback
::: strategy: BUY after pullback
::: near 1700 USD best reload bulls
::: TP bulls 1780 USD
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals
::: TD9/Combo update: N/A
::: Sentiment: BULLS
::: Sentiment outlook short-term: BULLISH

Comments

nkosienkosi

⋅ May 25, 2020 6:17 PM

Are we still safe with sell

DragonCaptain

⋅ May 25, 2020 2:39 PM

Great. Look at my Idea.

KRiPTOInvestments

⋅ May 25, 2020 2:00 PM

Nice idea
Look at my chart

Gayel

⋅ May 25, 2020 10:17 AM

Thanks for the detailed analysis

sahinumitt

⋅ May 25, 2020 12:00 AM

Hello @ProjectSyndicate the price level (1700) is below the Fibonacci support level so for your opinion how long do you expect to get this price point (1780) again?

ProjectSyndicate

⋅ May 25, 2020 7:46 AM

@sahinumitt, I don't look track fibonacci, only in XABCD setups. Fibonacci is overrated, there are natural S/R levels on the chart, they are more relevant.