XAUUSD : we are sharing with you different types treding
For the coming time we are sharing with you different types of our opinion about the price of XAUUSD.
1. The price range of 2450 to 2500 is very much hindering the stock to go higher. If the market starts to go above this price, the value of 2540 and 2650 can be seen. The level is derived based on fibonachina.
2. If the market pulls back from 2450, a trade line on the downside can provide strong support. Which may push the price up again.
3. But if the price goes directly back to the consolidated area from 2450 and starts trading below the support trade line, then the price may come down. The move can also be very fast.
4. 3rd Way has many real possibilities. If there is no bad news to spoil the market.
Note: This is just our opinion. And it is shared for educational purpose. You should definitely take the help of your financial advisor.
1. The price range of 2450 to 2500 is very much hindering the stock to go higher. If the market starts to go above this price, the value of 2540 and 2650 can be seen. The level is derived based on fibonachina.
2. If the market pulls back from 2450, a trade line on the downside can provide strong support. Which may push the price up again.
3. But if the price goes directly back to the consolidated area from 2450 and starts trading below the support trade line, then the price may come down. The move can also be very fast.
4. 3rd Way has many real possibilities. If there is no bad news to spoil the market.
Note: This is just our opinion. And it is shared for educational purpose. You should definitely take the help of your financial advisor.
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