XAUUSD (4H) Long
Updated
. Strong wick rejection candle
. 50, 200 day SMA cross-over possibility to reverse markets direction
. We are at a strong level of support, if broken expect heavy continuation to downside
. However, fundamentals suggests golds to reach 1800
. Expect a bullish run next week
. If 1700 resistance breaks, next target at 1720 zone
. Swing trade
. Not a signal, just an idea.
. 50, 200 day SMA cross-over possibility to reverse markets direction
. We are at a strong level of support, if broken expect heavy continuation to downside
. However, fundamentals suggests golds to reach 1800
. Expect a bullish run next week
. If 1700 resistance breaks, next target at 1720 zone
. Swing trade
. Not a signal, just an idea.
Trade closed: target reached
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