XAUUSD:week's technical analysis (LONG)
Hello traders, we are back. Happy new year 🎉
This week gold present good opportunity for both in-day traders and weekly traders to capitalize.
Gold has been on a horizontal trading range on daily time frame(1782.0 -1832.0).
Possibility of pullback around 1803.93-1795.73 is open with entry point for short position 1820.
This should only be green light after confirmation.
Overall a bullish continuation is expected as gold follows a major falling trend on 3 day time frame,
wait for a bullish breakout of the upper boundary of the range.
Buying potential sits at 1811.0
If consolidating continues, wait for the test of the support of the range.
Safe trading wishes to yall🎯👍
Good luck next week!
This week gold present good opportunity for both in-day traders and weekly traders to capitalize.
Gold has been on a horizontal trading range on daily time frame(1782.0 -1832.0).
Possibility of pullback around 1803.93-1795.73 is open with entry point for short position 1820.
This should only be green light after confirmation.
Overall a bullish continuation is expected as gold follows a major falling trend on 3 day time frame,
wait for a bullish breakout of the upper boundary of the range.
Buying potential sits at 1811.0
If consolidating continues, wait for the test of the support of the range.
Safe trading wishes to yall🎯👍
Good luck next week!
Note
Short target reached ✔Note
Weekly long target hit✔
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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.
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.