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MMBTtrader
Mar 5, 2021 6:14 AM

XAUUSD touch channel and will grow  Long

Gold/U.S. DollarFXCM

Description

Green path :Gold is in an important and strong support from 1.daily support and 2.trendline so we would expect at least some reversal candle and gain in price to our first target
Target :1750(why? beacuse as you can see it is resistance and trendline will push pressure to it on that area too )

Red path :we expect gold don't fall any more from that green zone because we talk about the importance of that zone and if it break and retest get completed then the market will get mad new channel reach too and bullish candle will lead market for long time

some previous analysis are :

and ..


<<Traders comment below and let me know your thinking about this analysis even simple ((agree)),((not sure))>>

Trade closed: target reached

1750 touched
Comments
StevesTradingV
Completely agree. Great work as always, mate ;)
MMBTtrader
@StevesTradingV, thanks a lot bro
otaku-trader
high reward and thanks for sharing
MMBTtrader
@otaku-trader, thanks a lot bro
HEIKOTradingSystem
looks good....might test lower low of 1667 first, then rise
MMBTtrader
@j9productions, thanks an lets see
FieryTrading
Looks like a winner🔥
MMBTtrader
@FieryTrading, thanks bro
Fisher_Fx
great set up
MMBTtrader
@Fisher_Fx, thanks a lot bro
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