Or / Dollar AméricainMis à jour Gold Analysis: Best level to buy XAUUSD?
Dear traders, in my previous idea, I mentioned about selling XAUUSD at 2050 level.
As you can see, price dropped from that level and reached my final TP.
Currently, I am exploring the bullish scenario for Gold. As price is at the 100-day
EMA, and it appears to be consolidating, there's a chance that the institutional
buyers could step in at this level.
So, traders can consider long entries in Gold@1930-1940 with SL below the 100-day
EMA and TP at 2050 as long as price does not fall below the EMA.
As you can see, price dropped from that level and reached my final TP.
Currently, I am exploring the bullish scenario for Gold. As price is at the 100-day
EMA, and it appears to be consolidating, there's a chance that the institutional
buyers could step in at this level.
So, traders can consider long entries in Gold@1930-1940 with SL below the 100-day
EMA and TP at 2050 as long as price does not fall below the EMA.
Note
Price has already moved close to 1970, almost 1.5% up since I posted
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.