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AlkalineFX
Oct 23, 2021 8:07 AM

XAUUSD(GOLD): Playing the Range Long

GoldOANDA

Description

We have been caught between equal highs and equal lows for quite some time now. Soon we will see an impulsive move that will look to capture either side of the market.

Personally, I would like to see the resistance point being targeted first since we are closer to it than the support.

The impulsive push yesterday has eradicated some sellers from the market meaning price can swoop back down at a discounted rate for buys.

I have illustrated where I would like to buy and what the next potential price movements will be.

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Keep in mind that the analysis provided is not 100% accurate and that you can never be certain of the markets. This information given is not financial advice, always do your own research.

Thank you for reading,

Cheers to many pips!


Comments
drich876
i like this .expecting sells too

AlkalineFX
@drich876, Brilliant charting! Keeping an eye on this!
KnightsofGold
Nice one bro, keep smashing it.
AlkalineFX
@KnightsofGold, Let's kill the game boss!
graphbullS
Thank you for this together
AlkalineFX
@graphbullS, No problem at all.
Delta_Forex_
thanks details
AlkalineFX
@Delta_Forex_, Anytime bro!
yonsfx
love it
AlkalineFX
@yonsfx, Cheers boss!
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