XAUUSD Buy TradeXAUUSD Buy Trade: Buy Trade Based On Trend Continuation. A Perfect SL Is Around 1298. Leevels
Xauusdtrade
XAUUSD Buy Trade Possibility XAUUSD Buy Trade Idea: We are at a very interesting point with Gold, its setting up nicely for an upmove making a buy trade hard to resist. Be careful with your trades, you can have your TP around 1313.00 Levels.
XAUUSD - GOLD Trading in range, Buy low, Sell high- Gold made another Pin bar that tested supporting zone today
- The whole structure shows that Gold is still in trading range
- Buy low when price breaks High today or make some retracement to its Fibo 38-50%
- Target at 61.8% of previous bearish impulse leg
- Comment +1 if you make profit
Gold at key inflexion point!Gold price is now testing major resistance area at 1261 (23.6% Fibonacci retracement, 61.8% Fibonacci extension, horizontal overlap resistance) and this is a key inflexion level. A strong reaction could occur at this level with the next major resistance at 1272 (Fibonacci retracement, horizontal pullback resistance, breakout resistance level) and our next major level of support at 1237 (Fibonacci extension, horizontal swing low support).
Stochastic (55,5,3) is seeing major resistance at 96% where a strong reaction could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XAUUSD consolidation and then looking for a new high!READ THE GRAPHIC!
Im expecting a downside move to 1237.00 and then GOLD is going look for new highs...
Targets:
1237.00 short trade R/R 2.61
1278.00 long trade (long term) R/R 4.1
SL: 1267.00
LIKE AND FOLLOW
Enjoy albx :)
long XAUUSD @ 15 min @ trading capability for this 52nd week `16This is only a trading capability - no recommendation !!!
Next week i`ll confirm or change my opinion about this SetUp :)
Buying/Selling or even only watching is always your own responsibility ...
Best regards
Aaron
