GOLD SPOT (XAU/USD) FOR TRADING WEEK 16TH - 20TH MAY 2022
THE FOLLOWING CHART STANDS FOR ANALYSIS DONE FOR SPOT GOLD
With Hawkish Stance done By Fed, The USD remains bullish on rising Interest hikes and thus negative for bullions on Gold Price
FROM Month to Daily Multi Time Frame analysis (MTF), confirmation is placing Bullion within 4H candle after confirmation on FIB level 61.8 on 1818.4
PLACE SELL LIMIT TRADES ON 1818.4
STOP LOSS; 1822.1
TAKE PROFIT; 1782.9
Observe chart;;And eat all pips
XAUUSD
HAPPY TRADING WEEK FROM @Reyna360
With Hawkish Stance done By Fed, The USD remains bullish on rising Interest hikes and thus negative for bullions on Gold Price
FROM Month to Daily Multi Time Frame analysis (MTF), confirmation is placing Bullion within 4H candle after confirmation on FIB level 61.8 on 1818.4
PLACE SELL LIMIT TRADES ON 1818.4
STOP LOSS; 1822.1
TAKE PROFIT; 1782.9
Observe chart;;And eat all pips
XAUUSD
HAPPY TRADING WEEK FROM @Reyna360