TradingView
ForecastCity
Nov 5, 2020 7:08 PM

💡 Two buy opportunity in XAUUSD, Mid-Term & Short-Term Long

OANDA:XAUUSD240
GoldOANDA

Description

⋅
Mid-Term Forecast

Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1920.0).
. 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 60.

Take Profits:
TP1= @ 1975.00
TP2= @ 2000.00
TP3= @ 2015.30
TP4= @ 2075.00

SL= Break below S2

-------------------------------------------------------------------------------------------------------

Short-Term Forecast

Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1926.5).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. XAUUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 73.

Take Profits:
TP1= @ 1955.5
TP2= @ 1977.0
TP3= @ 1992.2
TP4= @ 2015.2
TP5= @ 2075.0

SL= Break below S2

❤️ If you find this helpful and want more FREE forecasts in TradingView❤️

. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!

❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?

Now, It's your turn!
Be sure to leave a comment let us know how you see this opportunity and forecast.

Trade well, ❤️
ForecastCity English Support Team ❤️
Trend AnalysisChart PatternsTechnical IndicatorsXAUUSDdollarGoldgolddollarXAUUSD
Comments
Mesutkashmar
⋅
Complete and excellent. I totally agree.
ForecastCity
⋅
@Mesutkashmar, Thanks for your kind words. We are glad you like our analysis.
yusufipek1989
⋅
It is really pleasant to read your analyses. All of them have something to say. Keep it up sir.
ForecastCity
⋅
@yusufipek1989, Thanks for your feedback. We appreciate your support.
sofi_Morphy
⋅
Thanks for sharing.
ForecastCity
⋅
@sofi_Morphy, You're welcome! We hope you enjoy it.
Pro_Trader_007
⋅
Nice chart, tnx for sharing 👌
ForecastCity
⋅
@Pro_Trader_007, You're welcome! We hope you enjoy it. 👍
nagashiva
⋅
Great analysis and waiting for further latest updates.
ForecastCity
⋅
@nagashiva, Thank you for your comment. We appreciate your support.
More