XAUUSD update. Long

GoldOANDA

Description

⋅ Mar 8, 2020 10:50 PM

XAUUSD update. The figure shows the symmetrical backward correction of the daily D1ATR and the ATR closing values. I expect the exchange rate to rise to 1711usd. Then I wait for a correction. But the magnitude of the adjustment cannot be higher (according to current data than the D1ATRTOP level.) Late futures can take long positions at these levels. And long-term trades like me should sit in the long position.

Comments

chimex101

⋅ Mar 9, 2020 3:53 AM

Gold is about to plunge

meszaros

⋅ Mar 9, 2020 9:50 AM

@chimex101, I agree. The analysis also shows this. Although I'm not expecting a plunge, it's just a minor correction.

freddie1996

⋅ Mar 12, 2020 5:08 PM

@meszaros, People seem to be selling their Gold is this panic. Historically gold does well in stock market crashes, any idea what is going on?

meszaros

⋅ Mar 12, 2020 5:25 PM

@freddie1996,

shodowmortal

⋅ Mar 9, 2020 6:41 PM

Thanks for the explanation this chart. Good analysis sir i agree 😊

CoinCaller

⋅ Mar 9, 2020 3:58 PM

Have you already added a further position as hit the average ATR?

pakamisamgcini

⋅ Mar 9, 2020 10:55 AM

When is the perfect time to enter a buy???

meszaros

⋅ Mar 9, 2020 10:58 AM

@pakamisamgcini, It depends. If you are a long term investor you can at any time. If you are a short term trader then you need to wait for a correction.