XAUUSD MAY HIT 1845-1847 AREA
Dear Traders,
For this that have been following my Gold analysis very closely, you would recall that I shared an idea at the close of the weekly candle which opened on the 6th of December 2020, where i mentioned that the weekly candle closed as "DOJI" and at the end of four consecutive weekly downtrend for Gold and signaling to us the high probability of a reversal to the upside, which actually happened after a retest of 1782-1784 area closing the following weekly candle bullish as opposed to bearish candle the previous week.
We also saw a convincing daily close above 1808 on the 30th of December 2021 and closure above 1829 on the 31st of December closing the last weekly candle in the year 2021 bulling making it the second consecutive weekly candle that closed bullish after the "DOJI" candle I referenced about 3 weeks ago.
With this, we might see a retest of between 1808- 1812, if 1832 - 1834 area is rejected before a retest of 1845 - 1847 area. if the rejection persist into New Your Trading Session Open Monday 3rd of January 2022, then I have the suggestion below:
Buy Gold at 1808
SL: 1800
TP1: 1834:
TP2: 1845
Happy Trading
For this that have been following my Gold analysis very closely, you would recall that I shared an idea at the close of the weekly candle which opened on the 6th of December 2020, where i mentioned that the weekly candle closed as "DOJI" and at the end of four consecutive weekly downtrend for Gold and signaling to us the high probability of a reversal to the upside, which actually happened after a retest of 1782-1784 area closing the following weekly candle bullish as opposed to bearish candle the previous week.
We also saw a convincing daily close above 1808 on the 30th of December 2021 and closure above 1829 on the 31st of December closing the last weekly candle in the year 2021 bulling making it the second consecutive weekly candle that closed bullish after the "DOJI" candle I referenced about 3 weeks ago.
With this, we might see a retest of between 1808- 1812, if 1832 - 1834 area is rejected before a retest of 1845 - 1847 area. if the rejection persist into New Your Trading Session Open Monday 3rd of January 2022, then I have the suggestion below:
Buy Gold at 1808
SL: 1800
TP1: 1834:
TP2: 1845
Happy Trading
FINSPOT ACADEMY
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