First possibly one or two more buys before significant trend change with several potential take profit areas over the next 2-4 weeks. Stop loss just above the highest wick. What do you guys think about this idea? Feel free to like & follow :)
Hey everyone, this is my idea of the XAUUSD for the following weeks into early 2022. After the strong bump up today, it will strongly bounce back from the EMA200 level to at least strong support at 1725, bouncing back to the trendline towards the next stronger support at 1675. 1st possible TP1: 1725 (early November 2021) 2nd possible TP2: 1675 (mid-January...
Hey all, Update after my previous GOLD prediction. It should continue to fall, based on the trends and but also as the global economy got some positive news lately. The first TP is in the support zone near $1700, the next TP2 is seen near $1687. It could eventually push down to near 1670. But if it struggles to go deeper after $1687 level, we could see it...
Gold breaks through the trendline and MA200 near $1739, testing support level near $1732 now. Should break it, we're going down. Potential TP1 at $1726, TP2 at $1714, TP3 at $1694 However, if support level breakout doesn't occur, we're bouncing back and could reach near 1800$ by the end of May.
Today's rise was due to EUR growing after the EU Stimulus plan, now bounced back from the resistance level. Expecting downtrend PS: This is my first ever idea over here, please be gentle :) I appreciate so many great discussions and education. Thanks, guys!