FUNTRADER-Vera

1410 XAUUSD update idea for buyers

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hello traders,

Gold has made a strong bearish signal on monthly chart.
We should not forget that.
But the range for correction could be very wide.

That is why we keep following gold on 4h/daily/weekly chart at the same time. You should do that too as a pro trader.

On this weekly chart, there is a red trend line that you should not miss as it could regarded as broken by a swing start from 1850. The green one is also a possible resistance line for GOLD now..

Taking 4h chart into consideration on this middle weekday of this week, there is a chance for gold to rise up again from the fibo 786 support. Will it break the green line and make a weekly new high for this week? We dont know yet.
But you can plan your trade on this with a afforadable loss (STOP LOSS).
Once it broke the green resistance line and return back above 1900, 1960-1980 wont take long.

GOOD LUCK
LESS IS MORE!

Trade closed: target reached

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