GOLD/ XAUUSD Long/ Buy

22 มิ.ย. 2023

🔰 Time Frame : 30mins
🔰 Scale Type : Long Scale
🔰 Direction : LONG /BUY

Based on the Gold analysis from last night, we are currently seeking a favorable opportunity to enter a mid-to-long term buy trade.

🔰 Pair Name : XAU/USD

In the 30-minute chart, we will consider entering a buy trade if the next 30-minute candle forms above the 10-period Exponential Moving Average (EMA). Our stop-loss (SL) level will be placed just below yesterday's lower low at 1919. If the price manages to break above the 1938 area, we anticipate a potential upward move towards the 1972-1981 area.

However, it's crucial to note that this analysis is solely based on technical factors. The market sentiment will still heavily depend on Powell's testimony and the release of initial job claim data today.

It is advised to trade wisely, taking into consideration both technical analysis and the prevailing market conditions.

22 มิ.ย. 2023

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