ForecastCity

πŸ’‘ Don't miss the great buy opportunity in Gold (XAUUSD)

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1799.4). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. Gold ( XAUUSD ) is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 48.

Take Profits:
TP1= @ 1901.13
TP2= @ 1965.20
TP3= @ 2015.63
TP4= @ 2074.95
TP5= @ 1822.10

SL= Break below S2

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