letsgetit
Long

XAUUSD Looking promising: Are you ready

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Hi All,
New Trader here….

XAUUSD is currently below its 20 and 50 day EMA .

Double bottom without breaking the key support, down to 1216-1203 which shows promising bullish reversal.
Currently, Bullish on XAUUSD .

Pros
Target 1: 1281
Target 2: 1306
Target 3: 1326
Trailing stop loss should be used.

Cons
RSI

Hope this chart was helpful to you all. If you all have questions feel free to ask or comment in the comment section below.
Be sure to Follow me for future charts, like this post if it was helpful, and thank you all.

Happy trading People...

Comments

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