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Mahtab_Tradia
Sep 13, 2022 9:10 AM

XAUUSD Next Target 1739? Long

Gold/U.S. DollarFXCM

Description

Price is moving on the ascending trend line and making a bullish structure. Yesterday, XAUUSD had a rise to 1735 but came down to retest the support.

Personally, I expected a stronger upside move but in daily time frame the yesterday’s candle closure was not satisfying enough.

Currently, we can see a bullish pressure on price after touching the trend line. If price can be fixed and closed above the previous 4H candle high at 1726 in lower time frame like 1H, we can expect more rise for XAUUSD towards 1739.
Comments
SwallowPremium
Great explanation!!
P_S_trade
Nice work
yonsfx
Thank you mahtab
KlejdiCuni
interesting perspective
Babenski
Iam bearish but thanks for sharing
AtlasTrades
Do you use any technical indicators ?
fatamamardani7
Hello... don't be tired, I see all your analysis... but why don't you analyze digital currency.....

Hello... don't be tired, I see all your analysis... but why don't you analyze digital currency.....
YMGroup
Nice gold explanation mate, I'm learning from you
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