XAUUSD:week's technical analysis (LONG)
Hello traders ✋🏽,
Following last week consolidation Gold seems to be slow and uncertain.
The price is currently stuck within a wide intraday trading range.
Daily chart indicates fairly strong sell to buy ratio as we near weekly curve.
Possible opportunity on gold next week:
.Either trade the market within the range,
buying from support and selling from resistance.
or
. wait for a breakout and buy a bullish violation of the range's resistance expecting a retest of a current high
or sell a bearish breakout of the range's support expecting a drop to 1850.
Safe trading 🎯👍
Following last week consolidation Gold seems to be slow and uncertain.
The price is currently stuck within a wide intraday trading range.
Daily chart indicates fairly strong sell to buy ratio as we near weekly curve.
Possible opportunity on gold next week:
.Either trade the market within the range,
buying from support and selling from resistance.
or
. wait for a breakout and buy a bullish violation of the range's resistance expecting a retest of a current high
or sell a bearish breakout of the range's support expecting a drop to 1850.
Safe trading 🎯👍
Nota
Weekly target reached✔
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.