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XAUUSD H4: TP BULLS 1850 USD BEST level to BUY GOLD (SWING TRADE)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as LONG as I expect GAINS until 1850/1870 USD
🔸 Summary and potential trade setup
::: XAUUSD 4hours/candle chart review
::: updated/revised outlook
::: strong bull run / pump in progress
::: off the triple bottom formation
::: setup still valid as of right now
::: previously AB pump was good for 13% gains
::: 13% gains off the lows projected high
::: D1 1840 USD D2 1870 USD TP BULLS 1850 USD
::: golden pocket resistance near 1850 USD
::: so will likely get targeted by BULLS
::: BULLS should focus on buying dips TP 1850 USD
::: best reload BULLS is near 1750 USD final TP 1850
::: strong bullish impulse in progress so bulls
::: BULLS maintain in control after recent PUMP
::: short-term BEARS will target 1750 USD
::: then expecting REVERSAL get ready to BUY LOW
::: LOW risk strategy BULL: BUY LOW near 1750 USD
::: TP bulls is TP1 1800 USD TP2 is 1850 USD
::: BEST/recommended strategy: see above BUY LOW
::: slow market so you have to be patient
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 1750 USD fresh demand zone
::: 1850 USD fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS/1750USD
::: Sentiment mid-term: BULLS/REVERSAL/1850USD
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.