Xauusd Key Area of Interestanticipating 1940 key area to stall and build a strong area of demand
400 pip tp & 70 pip SL which shows a great risk to reward
Goldielocks
Hunting XAUUSDHi, Traders Taking a look at the gold markets today we seem to be having a tough time breaking through 1739 which is now our Major resistance. We tried breaking through 1739 4 times on the 4HR chart. Although we are still very Bullish fundamentally/Technically and we are still following the Main Trend (Up), Gold is showing signs of being over bought.
---- If we Don't break Above 1739 Look for buys at a cheaper price.
---- Gold can come down for the SHORT-TERM but I'm not interested in SHORTING this pair.
----Study price action if we hold above 1700 place your buys in safely near the main support. And Vice versa if we break below the 1700 look for smart entries near 1670 support.
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Thats all for today Traders! Thanks for reading.
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REMAIN CONFIDENT & PATIENT
