XAUUSD- Bullish Symmetrical Triangle Pattern!
-This is a good opportunity to enter a long for gold.
-As price broke the ascending triangle, I am looking for a retracement of the supply turned demand zone.
-There is a confluence of the 23.8% fib level which is line with the demand zone which suggests price has a high probability of reaching the zone and retrace to the upside.
-The 50EMA also adds another confluence as EMA is below price which indicates a bullish trend and looking for bullish signals for Gold.
-I am hoping price will reach the monthly higher highs (1797.791) which can be set as a TP.
Let's see how price will react during the week!
Please make sure to follow, like and comment your ideas/opinion on gold!
-As price broke the ascending triangle, I am looking for a retracement of the supply turned demand zone.
-There is a confluence of the 23.8% fib level which is line with the demand zone which suggests price has a high probability of reaching the zone and retrace to the upside.
-The 50EMA also adds another confluence as EMA is below price which indicates a bullish trend and looking for bullish signals for Gold.
-I am hoping price will reach the monthly higher highs (1797.791) which can be set as a TP.
Let's see how price will react during the week!
Please make sure to follow, like and comment your ideas/opinion on gold!
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.