Hello Followers here is my prediction on XAUUSD with technical analysis.. So share your opinion in comment section about my prediction..
XAUUSD Has finally break the range and it is now working in a parallel channel.. XAUUSD is very close to the support zone and the level of support area is 3058/3049, so we have two scenarios in this situation, first scenario is that XAUUSD directly move bullish and break the precious high 3086 that is a parallel channel's middle line resistance area and will reach the 1st Target around 3105 and then to the 2nd target 3136..
Otherwise we have a second scenario that gold give rejection from this middle line resistance and reach to the support area and then again start moving further high till the Targets.. Well this is all about the prediction, if you love my prediction then share your opinion in comments...
KEY POINTS:
ENTRY PRICE 3078
Support Area 3058/4049
TARGETS:
1st Target 3105
2nd Target 3136
XAUUSD Has finally break the range and it is now working in a parallel channel.. XAUUSD is very close to the support zone and the level of support area is 3058/3049, so we have two scenarios in this situation, first scenario is that XAUUSD directly move bullish and break the precious high 3086 that is a parallel channel's middle line resistance area and will reach the 1st Target around 3105 and then to the 2nd target 3136..
Otherwise we have a second scenario that gold give rejection from this middle line resistance and reach to the support area and then again start moving further high till the Targets.. Well this is all about the prediction, if you love my prediction then share your opinion in comments...
KEY POINTS:
ENTRY PRICE 3078
Support Area 3058/4049
TARGETS:
1st Target 3105
2nd Target 3136
Trade closed: target reached
XAUUSD has reached to the target successfully..
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.