Don't miss the great buy opportunity in XAUUSD
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1693.48). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XAUUSD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
Take Profits:
TP1= @ 1710.95
TP2= @ 1721.87
TP3= @ 1739.50
SL= Break below S2
. There is a possibility of temporary retracement to suggested support line (1693.48). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XAUUSD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
Take Profits:
TP1= @ 1710.95
TP2= @ 1721.87
TP3= @ 1739.50
SL= Break below S2
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