usmand

Gold (XAUUSD) Time to Buy it!

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold dropped at 1832 and very next 4h candle erase the impact, so we considered it as a Leg
and market did'nt place any 4h below 1845. Moreover, prices still prevailing in a channel
after false breakout.

How to Enter in Buy?

Best buying Zone is 1836 to 1845
Confirmation starts when it breaks 1848 (fibo).
Atleast place 4h above 1845.

Target 1882 on Radar!

PS: plan is only vaild if prices prevailing above 1836. best stop is 1830.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.