[BUY] XAUUSD - Bullish - I l ook to Buy at 1840-42
◾ The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing
◾ We can see no technical reason for a change of trend
◾ A weaker opening is expected to challenge bullish resolve
◾ Support is located at 1840 and should stem dips to this area
◾ Dip buying offers good risk/reward
Stop: 1825
Target 1: 1874
Target 2: 1900
Chart
◾ The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing
◾ We can see no technical reason for a change of trend
◾ A weaker opening is expected to challenge bullish resolve
◾ Support is located at 1840 and should stem dips to this area
◾ Dip buying offers good risk/reward
Stop: 1825
Target 1: 1874
Target 2: 1900
Chart
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.