Hi, Brian Here.
And this is my outlook for XAUUSD - 24 August 2020.
From Last week, we can seen that XAUUSD can't go further and will be retrace on Fibbo Area 61.8
Since the major trend (D) is still bullish, So we can still hope itu will be up.
And here's to entry:
BUY - Long
Entry on 1927 - 1913
SL on 1856 (with a very strong support on 1882)
TP 1 2016
TP 2...
Gold Analysis for Today, the Trend is still in Bullish way in all TF.
With Gold making All Time High again yesterday, and make it as the Resistance in 2055.
We can entry, when it possibly:
Buy Entry - 2026
TP 1 - 2063
TP 2 - 2073
SL - 2009
Hope you enjoy! May the Gold be with You!
Thanks
After on 04 August 2020 Gold already breakout from 1984 and create d new All Time High.
I Think now Gold will be create baseline or some rejection. But still on a Bullish Trend.
The Major Resistance Area will be on 1973 - 1978.
Possibly to Entry:
Entry Buy - 2008
TP 1 - 2039
TP 2 - 2050
SL - 1998
Hope you Enjoy!
Thanks
I see that still a Bullish Pattern in a Major TF.
With the level Support are 1958, 1950 and 1841.
for the level Resistance is in 1989.
Probably for entry:
Entry Buy - 1968
TP 1 - 1997
TP 2 - 2007
SL - 1958
Hope you guys enjoy.
Thanks
Brian
Hi Guys,
This is my Analysis for XAUUSD, I Think Gold will do a correction first and test to Area Fibo 61.8 and than Gold will come back to bullish.
And this is supported by the USA Recession.
Thanks.
BR
