XAUUSD is on a key area, there was a break of a big daily support, then another break took place, of a smaller resistance which was to draw, This last to break with force, a pullback it is also being created, I am waiting for a good buy configuration with good volumes to take a position, gold is not for sale at the moment!
Good luck everyone, don't hesitate to...
welcome to new free trade-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
GOLD (XAU/USD): Swingtrade-Preparation
Target 1: 2016,00
Target 2: 2075,50
Target 3: 2108,50
Stop-Loss: 60 (600) pips
Risk: 0,5% - 1%
We are in an uptrend of all periods, and on Friday the price forms a very clear bottom.
It confirms the situation and allows for purchases.
Gold is at its highest levels since 2012 and is close to the historic peak of 2011!
Do you expect it to reach the historic peak?
Last week we expected the gold to continue up and reach 1751.
This morning we have reached 1758.
We expect this movement to continue, with support levels being 1749 and 1743.
From there, in case of repulsion, buy orders can be sought
As we mentioned that and you aslo notice my previous prediction is almost hited i mention 1760 but lastweel it close at 1740 ,so the remmaning points will be Achieved this week inshallah.
This week there is a certian chance that Gold will retrace back at point 1730 then we can get the stronng buy Trade in the Flying direction at point 1760+.