. There is a possibility of temporary retracement to suggested support line (1503.09). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. XAUUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
According to my wave count ( Elliot wave) we are going to see wave 5 soon after wave 4 will be sone at the level of 1440-1430 so we can have long position from that point by taking stop loss 1400 and target as explained in the chart.
this is just a view which is only for educational purpose, please don't invest until you have some financial advice from an expert.
Hey, We can see that last week's gold prices were flat, but this week it can go down to 1488-1480 again!!!!! but my suggestion is to strong buy at any price close to 1480 for 3-4 days holding and for intraday 1486-1487 will be considered safe. The market will open for down about 2-3$ but it will rally up, I attached the resistance levels too.
Alla rottura della resistenza abbiamo 2 target, è possibile gestire l'operazione in con trailing stop manuale ... oppure è anche preferibile gestire l'operazione senza stop loss avendo cura di fare molta attenzione all'operazione ...
GOLD chart as it appears is a classic case of Symmetrical Triangle Breakout Up. It has given a breakout in the month of June 2019 & as per expectations is trading upwards since then. The volume at breakout was not significant but is slowly picking up pace. Though a throwback upto $1300 in short term cannot be ruled as the RSI & Stochastic have entered overbought...