Gold Spot / U.S. DollarUpdated strategy of XAUUSD for This week
Please before reading this strategy, read my last opinion about XAUUSD to know more about XAUUSD.
XAUUSD chart puts in a Triangle pattern. I expect that during this week or ultimately during next week, the chart breaks one of the triangle's sides. Thereby, If the chart breaks the support area near 1750$, I will open sell position for the first target near 1680$. Otherwise, if the chart breaks the resistance area near 1850$, I will open a buy position for first target near 1990 - 2000$.
XAUUSD chart puts in a Triangle pattern. I expect that during this week or ultimately during next week, the chart breaks one of the triangle's sides. Thereby, If the chart breaks the support area near 1750$, I will open sell position for the first target near 1680$. Otherwise, if the chart breaks the resistance area near 1850$, I will open a buy position for first target near 1990 - 2000$.
Trade active
the chart broke its resistance, and now buy order actives.First target: 1900
Second target: 1960-1985
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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.
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.