XAUUSD's Volatility: Will it Fake Us Out or Continue Long?

7 giorni fa

Many have been anticipating Gold to move in both directions. Some are expecting a nice drop while others are camping out for that long. I've been on both sides. Here, I explain my reasons for wanting to Long Gold (XAUUSD) with anticipated targets for both a short-term sell and the buy continuation.
Please boost this if you like my ideas. Comment with your thoughts and/or agreement. I look forward to connecting!

11 ore fa

Trade attivo

XAUUSD achieved the original TP of 2882.36 after bouncing from the anticipated low of 2774. It went on to achieve the next three buy targets identified. After each target achieved, price reversed temporarily before returning to the upside. Currently, price has made a double top. If price decides to fulfill this pattern length, that would provide a great opportunity to enter a buy at a premium price towards the previous targets and/or next TP of 2911.24 identified. If price chooses to close above the HH at an H4 of Daily timeframe instead of selling below the low, I would consider buying from there towards the last two targets identified.