Technical outlook and ideas for Forex pairs
We have outlooked several promising Forex pairs and the result can surprise you!
How to trade XAU/USD?
Information is not investment advice
It’s simply the question of time before gold price gets to the higher levels. If we look at the price action on the H1, we’ll see several times when the market bought XAU/USD on the dips. That’s why declines to 1 772, 1 769 or 1 760 will inspire buying interest: traders will want to join the market at a lower price. On the upside, the advance above 1 780 will open the way up to 1 785 and 1 790. Currently the price is consolidating between 1 777 and 1 772 and the direction of the breakout will determine the short-term potential.
Trade ideas for XAUUSD
BUY 1 770; TP 1 780; SL 1 768
BUY 1781; TP 1 789; SL 1779
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