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blueeaglefxtrader
Jul 13, 2020 9:54 AM

XAUUSD ( Gold ) Analysis & Moving Zone. (Long, Short) Long

Gold/U.S. DollarFXCM

Description

As we have seen Gold is Bullish from last Friday.
In the Graph, we have Seen a Flag Pattern from the 9th of July we can say that the Breakout of the Graph will be Upward as per Flag Pattern.
Breakout Target: 1820
But we have a Support in Graph Flag Pattern from 1792.50 to 1797 due to this Support Downtrend in Flag pattern Can be 1800 or 1792-1790 then Breakout.
On the Other Hand, EMA50 meets this support to add more strength to it
I suggest a Trading Range between 1790 to 1825 for Today
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Comments
Hassan9791
Great Work
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