xauusd- bullish BAT
trade idea is already shared with risk reward ratio of 1:2.
anything extra will be bonus
we will move our sl to 1:1 when more than 1:2 target is achieved, let the trade run.
best of luck
Gold has touched a low of 1783.8 and now reversed from the low. Currently being traded below Fibo Level 50. Looks bullish and one can Buy Gold at/above 1792.6 TP1 1796.5 TP2 1799 TP3 1802 with the SL 1788.
Last week we identified the head and shoulder pattern and we were anticipating XXXUSD shorts which played out well. We are still looking for further strength from USD. Looking for the completion of the right shoulder this week. Correlate this chart with the USD pairs and try and get and entry for the XXXUSD shorts.
Goodluck and trade safe!
Gold against Dollar , could be a sideways trend this week, towards end of the week it may see a downtrend towards 1777 area,
Note- analysis only for education purpose
Fundamental Analysis:
The reason why you might find fundamental analysis interesting is that it offers help in determining the long-term trend. In other words, it suggests whether the price of an asset will go up or down in the long term. Because of that, fundamental analysis is crucial when you are deciding what to do with your long-term capital.
Please note...
Midterm forecast:
While the price is above the support of 1676.70, a resumption of an uptrend is expected.
We make sure when the resistance at 1916.50 breaks.
If the support at 1676.70 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
A trough is formed in the daily chart at 1779.95 on 08/26/2021, so more gains to...
Hello Traders👋
Today i have made a post on XAU/GOLD
I hope you find this post helpful and informative👍
The targets and stoploss would be given in the charts or they would be according to pivot points
Thank You
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I am not a SEBI registered financial advisor
Please consider your consultant's advise a must , all the setups posted here will be...
