Gold or XAUUSD analysis Gold or XAUUSD analysis
Symbol: Gold or XAUUSD
Time frame: 4 hours
Analysis: Presently we can observe divergence, SO, we can expect downtrend movement up to 1870 but in case if the price crosses above the parallel channel with high volume and in MACD, if the price crosses above zero, then, we can expect target up to 1230.
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NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
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Xauusdprediction
XAUUSD Pre-Prediction till 1st March 2022As per my calculations and previous chart history, I am going short but with tight stop loss according to my risk management and I will set a buy stop in that case..
All main points are also projected on the chart...
Please do your own research before taking any decision of trading in this volatile market...
Local Support @1920.079 and
Sell Stop @1929 with
TP1 @1916
TP2 @1910
TP3 @1904
TP4 @1900
Alternatively
Local Resistance @1933.028 - 1936
if broken then
TP1 @1938
TP2 @1945
TP3 @1953
Major Resistance @1949.039
If broken then this analysis would be invalid