XAUUSD TARGET 1705
CONFLUENCES
1. New found lower low @1744
2. Fib retrace swing high @1787 to swing low @1737
3. Retest of 50% retrace around @1760 zone
Which is also weekly resistance
4. Rejection of weekly resistance / 50% retrace.
5. ENTER POSITION AROUND @1761
6. TAKE PROFIT at Fib Extension @1705
Which is also previous monthly support @1705 AREA.
1. New found lower low @1744
2. Fib retrace swing high @1787 to swing low @1737
3. Retest of 50% retrace around @1760 zone
Which is also weekly resistance
4. Rejection of weekly resistance / 50% retrace.
5. ENTER POSITION AROUND @1761
6. TAKE PROFIT at Fib Extension @1705
Which is also previous monthly support @1705 AREA.
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