Gold Spot / U.S. Dollar
Long
Updated

Good opportunity to wait for recovery and buy Gold

249
XAUUSD Confirmation of breaking Key level 3330 on Friday has formed an Uptrend in Gold. Reaction at GAP 3368 is obvious in an uptrend. Gold trend is favoring buying to 3388 and 3400 next week.
  • Support: 3345-3331
  • Resistance: 3387-3400
  • BUY Trigger: Retest and Reject support 3345
  • BUY Trigger: 3331 ( Strong support zone)
  • Target: 3400
  • SELL Trigger: rejection 3387 with bearish confirmation

Leave your comments on the idea. I am happy to read your views.
Trade active
Price is approaching support zone 3345 for BUY strategy
Trade closed: target reached
Entry BUY 3345 + 70 pips profit
Note
SUPPORT zone 3345 +200 pips
Note
Gold is coming to our target

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.