GOLD is at important junction will it reach around 2013.00 level
Updated
XAUUSD
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⏳4 Hour chart
🎲 Swing trade
⛳️Bullish entry
—————-❇️——————-
Detailed analysis 💬
1️⃣ Lower trendline acting as major resistance
2️⃣ 1900.00 Key reversal area
3️⃣ Positive risk sentiment,Vaccine news,Selling off GOLD
4️⃣ 1960.00 Dynamic support and resistance
5️⃣ 1880.00 Lower side target
6️⃣ 1942.00 POC-Volume area
7️⃣ Technical support - Bullish
8️⃣ 2000.00 will acted as key reversal-bearish
9️⃣ GOLD is trading above the broader falling wedge a channel
🔟 Possible swing target-2013.00
#️⃣ Overall long-term trend- Bullish
—————-⚜️——————-
📉 Technical bias-H4-Bullish
1-Price above 50,100,200 Exponential moving average
2-50 Exponential moving average strong resistance
3-Ichimoku cloud -cloud is still green-Price is above the cloud-Cloud supporting the bullish trend
4-Bollinger band- Price reached around the lower side of the band and medium term bounce towards middle band was expected
5-Relative strength index - Reached below neutral level
6-MACD -Turned red and well below signal line,oscillators still pointing towards downward
7-Stochastic - Reached 25- oversold condition short term pull back was expected
—————-✳️——————-
Key reversal area's
1900.00 Key psychological level
1800.00 Key psychological level
1966.00 November-2020 month high
1774.00 November-2020month low
1848.00 September-2020 month low
1932.00 October-2020 month high
1764.00 December-2020 month low
1906.00 December-2020 month high
1923.00 50% Fibonacci retracement level
1960.00 61.8% Fibonacci retracement level
2013.00 78.6% Fibonacci retracement level
2000.00 Major psychological level
1910.00 Possible entry- Bull
—————-⚜️——————-
Bullish entry #gold #xauusd
Entry price -1910.00
Take profit 01 - 1965.00
Take profit 02 - 2013.00
🚫 Stop lose 1880.00
⬆️ 5.39% Growth expected
⤴️ Account growth1.57 : 5.39
✅ Risk reward ratio 1 : 3.4
—————-⚜️——————-
*********
⏳4 Hour chart
🎲 Swing trade
⛳️Bullish entry
—————-❇️——————-
Detailed analysis 💬
1️⃣ Lower trendline acting as major resistance
2️⃣ 1900.00 Key reversal area
3️⃣ Positive risk sentiment,Vaccine news,Selling off GOLD
4️⃣ 1960.00 Dynamic support and resistance
5️⃣ 1880.00 Lower side target
6️⃣ 1942.00 POC-Volume area
7️⃣ Technical support - Bullish
8️⃣ 2000.00 will acted as key reversal-bearish
9️⃣ GOLD is trading above the broader falling wedge a channel
🔟 Possible swing target-2013.00
#️⃣ Overall long-term trend- Bullish
—————-⚜️——————-
📉 Technical bias-H4-Bullish
1-Price above 50,100,200 Exponential moving average
2-50 Exponential moving average strong resistance
3-Ichimoku cloud -cloud is still green-Price is above the cloud-Cloud supporting the bullish trend
4-Bollinger band- Price reached around the lower side of the band and medium term bounce towards middle band was expected
5-Relative strength index - Reached below neutral level
6-MACD -Turned red and well below signal line,oscillators still pointing towards downward
7-Stochastic - Reached 25- oversold condition short term pull back was expected
—————-✳️——————-
Key reversal area's
1900.00 Key psychological level
1800.00 Key psychological level
1966.00 November-2020 month high
1774.00 November-2020month low
1848.00 September-2020 month low
1932.00 October-2020 month high
1764.00 December-2020 month low
1906.00 December-2020 month high
1923.00 50% Fibonacci retracement level
1960.00 61.8% Fibonacci retracement level
2013.00 78.6% Fibonacci retracement level
2000.00 Major psychological level
1910.00 Possible entry- Bull
—————-⚜️——————-
Bullish entry #gold #xauusd
Entry price -1910.00
Take profit 01 - 1965.00
Take profit 02 - 2013.00
🚫 Stop lose 1880.00
⬆️ 5.39% Growth expected
⤴️ Account growth1.57 : 5.39
✅ Risk reward ratio 1 : 3.4
—————-⚜️——————-
Trade closed: stop reached
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