XAUUSD:week's technical analysis (LONG)
Hello traders ✋🏽,
Following last week consolidation Gold seems to be slow and uncertain.
The price is currently stuck within a wide intraday trading range.
Daily chart indicates fairly strong sell to buy ratio as we near weekly curve.
Possible opportunity on gold next week:
.Either trade the market within the range,
buying from support and selling from resistance.
or
. wait for a breakout and buy a bullish violation of the range's resistance expecting a retest of a current high
or sell a bearish breakout of the range's support expecting a drop to 1850.
Safe trading 🎯👍
Following last week consolidation Gold seems to be slow and uncertain.
The price is currently stuck within a wide intraday trading range.
Daily chart indicates fairly strong sell to buy ratio as we near weekly curve.
Possible opportunity on gold next week:
.Either trade the market within the range,
buying from support and selling from resistance.
or
. wait for a breakout and buy a bullish violation of the range's resistance expecting a retest of a current high
or sell a bearish breakout of the range's support expecting a drop to 1850.
Safe trading 🎯👍
Nota
Weekly target reached✔
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.