XAUUSD facing bullish pressure from support | 3 June 2020

FX:XAUUSD   Gold Spot / U.S. Dollar
Price is facing bullish pressure from our support where we could see a further push up to to our take profit target. Our buy entry is in line with our 78.6% fibonacci extension and 61.8% fibonacci retracement . Stochastic is facing bullish pressure as well.
Comment: Entry: 1713.68
Take profit: 1731.08
Take Profit 2: 1744.51
Stop Loss: 1702.71
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What happened :)
+2 Reply
FXCM roshanw
@roshanw, strong risk on sentiment yesterday so prices pushed lower, it bounced at our entry but the move was not enough to reach our first target
+2 Reply
A good idea 👍
What do you think about my idea?)
FXCM Lingrid
@Lingrid, nice call on it!!
It is okay to follow her..but take TP1 first..it drop due to the news released..so just take small profit at a time..low risk
FXCM tadakmph
@tadakmph, yeah sadly the move was not strong enough for the rally to the first TP target
Are we still safe with buy
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