XAU/USD | Trend Reversal - Time to Buy!
👋 Good day, traders!
Let's delve into a couple of potential scenarios:
📉 After XAU has worked off its local lows and returned to its previous positions on D1, it's now shaping a new upward trend. Following a minor correction to $1920, a "Pennant" continuation pattern has formed. Upon breaking the resistance level at $1935.00, it's poised to continue its ascent towards target levels of $1960.00 and $1980.00. I recommend considering buys from an aggressive level of $1945.00 and a conservative level of $1938.00, with a potential profit range of 0.8% to 2.0%. Set your SL at ~$1930.00.
✅ Give a 👍 if you're keen on more insightful and profitable trading ideas❗️
❓ I'd love to hear your thoughts. What's your take on this?
DISCLAIMER:
This idea is purely informational and educational. It's not a trading recommendation. Each trader should analyze and make decisions based on this information independently.
Let's delve into a couple of potential scenarios:
📉 After XAU has worked off its local lows and returned to its previous positions on D1, it's now shaping a new upward trend. Following a minor correction to $1920, a "Pennant" continuation pattern has formed. Upon breaking the resistance level at $1935.00, it's poised to continue its ascent towards target levels of $1960.00 and $1980.00. I recommend considering buys from an aggressive level of $1945.00 and a conservative level of $1938.00, with a potential profit range of 0.8% to 2.0%. Set your SL at ~$1930.00.
✅ Give a 👍 if you're keen on more insightful and profitable trading ideas❗️
❓ I'd love to hear your thoughts. What's your take on this?
DISCLAIMER:
This idea is purely informational and educational. It's not a trading recommendation. Each trader should analyze and make decisions based on this information independently.
Trade active
Trade closed: target reached
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ПОДПИСЫВАЙТЕСЬ НА НАШИ КАНАЛЫ
▶️YouTube: youtube.com/@Maxim.Lushnikov
📢Telegram-канал: t.me/LushnikovInvestTrade
💬Чат: t.me/LushnikovTradeChat
🧑💻Online-Обучение: forms.gle/MYhgwidahwxMeUhH8
▶️YouTube: youtube.com/@Maxim.Lushnikov
📢Telegram-канал: t.me/LushnikovInvestTrade
💬Чат: t.me/LushnikovTradeChat
🧑💻Online-Обучение: forms.gle/MYhgwidahwxMeUhH8
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.
ПОДПИСЫВАЙТЕСЬ НА НАШИ КАНАЛЫ
▶️YouTube: youtube.com/@Maxim.Lushnikov
📢Telegram-канал: t.me/LushnikovInvestTrade
💬Чат: t.me/LushnikovTradeChat
🧑💻Online-Обучение: forms.gle/MYhgwidahwxMeUhH8
▶️YouTube: youtube.com/@Maxim.Lushnikov
📢Telegram-канал: t.me/LushnikovInvestTrade
💬Чат: t.me/LushnikovTradeChat
🧑💻Online-Обучение: forms.gle/MYhgwidahwxMeUhH8
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.