XAU/USD approaching support, potential bounce | 22 June 2020 Long

Gold/U.S. DollarFXCM

Description

⋅ Jun 22, 2020 4:44 AM

Price is approaching support in line with our trend line, 38.2% retracement and 78.6% extension where we could see a bounce to our first resistance level. 20 Period EMA and Ichimoku cloud are showing signs of bullish pressure as well.

Comments

nrmt2010

⋅ Jun 22, 2020 7:50 AM

Very nice and clear analysis. Have a wonderful day.

mmd_slash

⋅ Jun 22, 2020 8:35 PM

@nrmt2010,

FXCM

⋅ Jun 23, 2020 4:55 AM

@mmd_slash, great work there!

mmd_slash

⋅ Jun 23, 2020 7:41 AM

@FXCM, thanks :)

FXCM

⋅ Jun 23, 2020 4:55 AM

@nrmt2010, thank you!

FXCM

⋅ Jun 25, 2020 7:32 AM

@nrmt2010, thanks hope you manage to ride on this!

zipwire123

⋅ Jun 22, 2020 6:33 AM

Great stuff! But take your time, speak slowly, don't rush, then it will be perfecto :-)

FXCM

⋅ Jun 23, 2020 4:55 AM

@zipwire123, thank you, will keep that in mind!

derrickhy

⋅ Jun 22, 2020 5:23 AM

Hi. Great stuff !

What do u mean by close 50% of your position? Meaning you close 1/2 your contract and let the other half run to TP2?