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XAUUSD D1: Best Level to BUY/HOLD gold TP 2 000 USD(SWING SL/TP)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as LONG as I expect GAINS until 1950/2000 USD
🔸 Summary and potential trade setup
::: XAUUSD 1days/candle chart review
::: updated/revised outlook
::: strong bull run / pump in progress
::: V-shape recovery in progress
::: BULLS maintain strategic advantage
::: HOWEVER pullback in progress NOW
::: expect more short-term losses
::: 1950 USD / 2 000 USD - major/heavy S/R
::: expecting uptrend to resume after pullback
::: BEARS targeting 1800 USD in the pullback MODE
::: BULLS should focus on buying LOW near 1800 USD
::: final TP - BULLS will hit 2 000 USD
::: strong bullish impulse in progress so bulls
::: BULLS maintain control after recent PUMPS
::: short-term range BEARS have the upper hand
::: then expecting REVERSAL get ready to BUY LOW
::: LOW risk strategy BULLS: BUY LOW near 1800 USD
::: TP bulls is TP1 1950 USD TP2 is 2 000 USD
::: BEST/recommended strategy: see above BUY LOW
::: slow grind until we hit major resistance
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 1800 USD fresh demand zone
::: 2000 USD fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS/PULLBACK/1800USD
::: Sentiment mid-term: BULLS/REVERSAL/2000USD
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.