XAUSD [GOLD] trend analysis-The Price is struggling in the supply zone, which is around 2070-2090
-Before jumping to the resistance area, the Price needs to retest the 2040-2010 demand zone
-The overall trend is bullish, and buy on dips
Xausdlong
XAUSDHii Guys here is the trade for today, of XAUSD,
Market is purely bullish we can expect market to give the high risk reward today.
GOLD[XAUUSD] AnalysisPresently conditions look like Gold is near weekly and significant supply zone.
There is a chance of retracement near 1936-1940.
If the 4Hr price closed below 1933, sell on the rise and keep stop loss 1935.
XAUUSDToday, I want to talk about GOLD which has given us quite interesting price action. I will be looking for LONG setup tomorrow which is MONDAY.
XAUUSD looking for buysi think after nfp gold got weeken now it will go up to fill that imbalance lets see how this goes
XAUUSD - RANGEBOUNDDescription:
The XAUUSD (gold) is moving between the price range of 1676.98 and the 1756.28. Both the flat-top resistance and the support base are seems to be stronger. Therefore the counter is expected to continue in the parallel channel. Trend trading is very difficult for this condition. Breakout of the parallel channel will determine the trend of the counter. Swing trading is more preferable for this condition. The Stop loss is mandatory for performing swing trading. The stochastic indicator levels will be very useful for swing trading.
The major levels for this counter are
R2 –1770.11
R1 –1756.83
PP –1744.03
S1 –1730.75
S2 –1717.95
