On the weekly chart we can see that after an uprun of 1400 pips GBPAUD is retracing, taking rest. Though it has slipped below the weekly support of 1.8670, still we saw some price rejection from below. Therefore, If price goes up from here and and start trading above the safe zone of 1.8670, we can BUY with an SL below the support. TARGET: 350-400 pips
I will buy XAUUSD because :
It has been taking support at the trend line .
It has touched the trend line 4 times and has not been able to break it.
So will be looking at buying opportunities.
Entry : 1897
Target : 1915
Stop loss : 1892.94
