Xauusdlong
XAUUSD POSSIBLY GO FOR 2000 again BEST BUYING OPPORTUNITIESgold take a pullback touches trendline.
trendline is a liquidity,
in this position maximum sl and lot of buying order puts on market.
bank try to grab all liquidity and gives original move so best POI zone is on the marked position..
ENTRY PRICE -1964.99
SL -1963.00
TARGET PRICE 1984.00
XAU/USD (gold) currency pair Long I believe that the XAU/USD (gold) currency pair is currently in a bullish trend on a 15-minute timeframe and is expected to reach a new high. Additionally, you anticipate that a head and shoulders pattern will form on a 1-hour timeframe.
A head and shoulders pattern is a technical analysis chart pattern that often indicates a reversal in trend. It consists of three peaks, with the middle peak (the head) being the highest, and the other two peaks (the shoulders) being slightly lower and roughly equal in height. The pattern is complete when a neckline (a line drawn through the lows of the two troughs that form the shoulders) is broken.
If the pattern you anticipate forms, it would suggest that the XAU/USD pair has reached a high point and may experience a trend reversal. However, it is important to note that technical analysis is not a guaranteed method for predicting market movements and should be used in conjunction with other forms of analysis and risk management strategies.
XAUUSD 12.03 UPTREND CONTINUATION Reason For XAUUSD Bullish
1. Technically Formed Double Bottom Formed
2. Doji Candle Confirm the further Uptrend Movements
3. Breaked Out 1830 & 1845 and Further Movement towards 1880 and Higher
Overall Possible Outcomes
XAUUUSD BUY @ 1850
SL 1820
TP1 1880
TP2 1920
TP2 1960