humxam

XAUUSD - 1D - LONG

humxam Updated   
OANDA:XAUUSD   Gold Spot / U.S. Dollar
TREND ANALYSIS - 1D
A cross trend is retested!
After this retesting, a double bottom pattern is quite clear:
- Entry: 1717
- TP: 1867 (or 186x)
- SL: 1685 (or 168x)

TREND ANALYSIS - 1W
EMA 200 is a big support! Downing price came to 1689 then be stopped. As I talked above, double bottom is visible now. This is more evidence for above position.

BASIC ANALYSIS
Wars: Russia and Ukraina, China and Taiwan (potential risk in the future).
Europe: they are stucked in oil /gas.
Economic depression is coming.

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This is long trading, so you guys need to consider your position/budget.





Comment: Reach SL. Failed plan.

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