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ForecastCity
May 29, 2020 2:49 PM

Don't miss the great buy opportunity in XAUUSD Long

Gold/U.S. DollarFXCM

Description

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1719.52). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. XAUUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.

Take Profits:
TP1= @ 1735.40
TP2= @ 1742.60
TP3= @ 1764.73

SL= Break below S2
Comments
Kristalyn
Thank you for your insight.
ForecastCity
@Kristalyn, You're welcome. we hope you enjoy it. 💎🙏💎
Kamryn
Great analysis
ForecastCity
@Kamryn, Thanks. we hope you enjoy it 💎🙏💎
DenizKilicDeniz
Lovely analysis, think this could be a goer!
ForecastCity
@DenizKilicDeniz, Thanks. we hope you enjoy it.
Mehmetozdemi
Great analysis buddy
ForecastCity
@Mehmetozdemi, Thanks for following us. we appreciate your support.
Shiva_forex
Thank You for sharing!
ForecastCity
@Shiva_forex, You're welcome
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