FOLLOW_PIPS

XAUUSD - Weekly trend - Short first and then Long

Short
FOLLOW_PIPS Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
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⏳ 1 Day Chart analysis


Looking to sell till the long time support level of 1795 and then buy from 1795 to 1857


I believe that the Price action might continue to range between key support and resistance level and I expect this to break if the solid vaccine news arrives

Support - 1818
Resistance 1830

Big time support is located at at 1795 .

Buying dip offers good risk/rewards


XAUUSD -TREND ANALYSIS - SHORT first and then Long


Target - 300 to 400 pips (in Short)

Tagged Short and long both together

KEY NOTE - SPECULATIVE SETUP - not a financial advise - do your own analysis
Please use STOP LOSS and don’t risk more then 1% or maximum 2% of your total account

Tagged Short as I expect only short

📒 Retracement to support area
± 1820 fresh demand zone
± 1830 fresh supply zone

📒 Analysis / Trade Setup / Long and then short
± XAUUSD 1 day chart
± Short-term Bearish # Long term-Bullish
± Fresh Demand Zone level - 1820
± 1818 - temporary support - might break
± Falling wedge identified
± Bullish trend reversal
± A touch down to support needs to be completed
± Go long for more pips
± HAPPY TRADING


Short Target - 1810 - 1805 - 1798 - 1795 - 1793
Long Target - 1857 - Resistance level
Trade active:
wow,

Played the way we wanted it..

Thank you God
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