BUY XAUUSD
Due to friday's ISM Manufacturing PMI and Michigan Consumer Sentiment Final, Gold showed a strong buying power. It broke through the previous wide range consolidation range and it is in a strong uptrend now.
Looking at the chart now, as long as gold is above the previous low which is 2046 area, I'm only looking to enter long.
Next week's plan: I would like to see a pullback preferably to Fibonacci 0.382 zone which will be around 2055 area, or at least a wide range consolidation first.
BUY @ 2055
SL 2035
TP 2090-2100
Looking at the chart now, as long as gold is above the previous low which is 2046 area, I'm only looking to enter long.
Next week's plan: I would like to see a pullback preferably to Fibonacci 0.382 zone which will be around 2055 area, or at least a wide range consolidation first.
BUY @ 2055
SL 2035
TP 2090-2100
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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.