Gold: Buying Opportunity from 1848$ Support

Gold: Buying Opportunity from 1848$ Support

Gold/U.S. Dollar FX:XAUUSD


The price reached 1848$ support. The price action at this zone will be able to give us new trade opportunities. If the price stays above the support, we will be able to use bullish setups for buying. Stop orders for long positions must be placed below 1848$ and the local swing low. Profit targets should be placed at 1900$ and 1965.50$ resistance.

If the price breaks the support, it will be a bearish signal with the main profit target at SMA200.

This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Source: TW DLavrov

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