elmakacho

XAUUSD Analysis. Signal for this week

Short
FOREXCOM:XAUUSD   Gold Spot / U.S. Dollar
Hello Everyone. i want share my idea about gold which will be signal for this week.

Gold had good bullish movement for day traders but it changed after it touch high resistance of 1D chart which i think was correction of price.

When dollar is king again and we saw crazy bullish movement of dollar i think gold will come down until find some strong support.

Here is my setup for gold.

Open price - 1922.9
Stop loss - 1925.5
Profit target - 1913.00

Good luck everyone!!! Manage your risk!!!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.