XAUUSD - Retracement potential aslong as price stays above 1200

OANDA:XAUUSD   Gold Spot / U.S. Dollar
After breaking out of the wedge structure 6 weeks ago, XAUUSD             has gone on to form an ABCD structure with point D terminating at a strong level of support also. As long as the price stays above 1200, upside targets will be 1250 and then 1275. Fundamental news is favouring a stronger Dollar meaning Gold             prices will fall and this tells us to trade with extra caution during these times i.e 50% position capacity
Comment: Price is deep in the buy zone...will be monitoring today for an entry
Trade active: Enter with caution...
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out