XAUUSD Next Roadmap

20 Nov

Hi traders,
We are seeing XAUUSD is creating secondary and might reaching the resistance soon.
The area of fibonacci 50% area 2658-2675 together with the resistance from the trendline might be the destination of the current temporary bullish movement.

Lets look for the potential reversal pattern and looking for short position.

Good luck!

7 hari lalu

Dagangan aktif

XAUUSD is approaching the resistance area.

If Gold can break 2680, then it might continue to 2700 area.
However, we are thinking that XAUUSD might be exhausted and already rally for 3+days in a row without retracement.

Be prepare when breaking the support trendline to open sell position.

6 hari lalu

Nota

Entering the resistence area.
However, please keep in mind that we only sell if there is confirmation bearish movement at least in M30

5 hari lalu

Nota

The escalation in Russia - Ukraine war fuel the gold demand.
Once it breaks 2710, we can expect some short term consolidation before going higher.
Good luck!