XAUUSD There will be a recovery period before gold increases

Signals and strategies before trading XAUUSD

⭐⭐News and Strategy⭐⭐

Gold price has stalled its recovery momentum, as the Relative Strength Index (RSI) indicator remains in the overbought region, warranting caution for buyers.

However, the 21-Simple Moving Average (SMA) is looking to cross the 50 DMA from below, suggesting that a Bull Cross remains in the offing.

Therefore, a minor pullback in Gold price could be seen toward the abovementioned confluence zone at around $1,838, which could provide a fresh buying opportunity for the optimists.

Acceptance above the $1,865 level could trigger a fresh upswing toward the key resistance at $1,880, which is the intersection of the beairsh 100 SMA, September 28 and 29 highs.

Failure to defend the $1,838 confluence support will likely reopen floors toward thw multi-month low of $1,811. Ahead of that, the $1,820 round level will lend support to Gold buyers.

💰 💰Signal: GOLD PLAN 10/10 💰 💰

Asia-Europe gold today:

🔼Purchase price range $1853 - $1855 - Stoploss: $1846

🔽SELL watch Price range $1867 - $1864 - Stoploss: $1872

American session:

🔼Buy price range $1838 - $1840 - Stop loss $1834

🔽Pay attention to the SELL price range $1884 - $1883 - Stop Loss $1888

✍Note: Full TP, SL to be safe and win the market ‼️

ความคิดเห็น:

What a great sell signal around 1965 for 70 pips. Close all orders and implement your plan to buy gold

ปิดการเทรด: ถึงเป้าหมายการทำกำไร:

So we finally have a 100pips sell signal for gold. Dian was correct in making my choice

การซื้อขายยังคงดำเนินอยู่:

Already more than 50pips for buy signal 1853 - 1855. The signals are almost all over