Looking to long XAUUSD from the 38 Fibonacci level.
While there is not much to go off for the buy based on behavioral patterns of gold, it does react nicely to the 38 fibo levels in a bull market. We may have alignment here with XAUEUR, Silver and or DXY (this update will be posted closer to the spot price of interest for optimal accuracy in my post)
Confluences:
38% Fibo
H6 100EMA
Alignment possible (To be updated)
Catch you later traders ▲
Hope y'all have a profitable week ahead.
While there is not much to go off for the buy based on behavioral patterns of gold, it does react nicely to the 38 fibo levels in a bull market. We may have alignment here with XAUEUR, Silver and or DXY (this update will be posted closer to the spot price of interest for optimal accuracy in my post)
Confluences:
38% Fibo
H6 100EMA
Alignment possible (To be updated)
Catch you later traders ▲
Hope y'all have a profitable week ahead.
Stop Loss: 60 pips
Take Profit: 120 pips