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Xauusdlong

A trading opportunity to buy in GOLDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1357.42). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . Gold 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. . The RSI is at 70. Take Profits: TP1= @ 1433.50 TP2= @ 1526.88 TP3= @ 1625.63 SL= @ 1333.00
FX:XAUUSDLong
by ForecastCity_EU
4
Gold long trade -XAU USDcmp 1326.4 -plz read Initiating long in gold cmp is approx 1326.4 ---the targets will be above 10334 and higher , plz read the prev post/idea on xau/usd and the points mentioned below the trade setup is based on higher ti,eframe charts and thus is positional trade it carries substantial risk in this trade we are entering early based on certain triggers The earlier mentioned resistances of 1334 -1340 are still present on upside , book profit at those levels a good stoploss will be below 1318 which means high risk a decent stoploss will be below 1322 the prices have been volatile recently and thus stoplosses are not ezee to define ---so ONLY trade with small quantity -----do your risk ananysis properly before initiating trade ....look at risk not profit potential before entering trade , the long trade can also be initiated in other gold contracts the charts are favorable-- personally i will be using a pyramid type setup to enter further positions which may not be suitable for u
FX:XAUUSDLong
by GauravSaini
6