XAUUSD
Hi Traders.
Gold lays in a very interesting point.
It can go either ways based on the depicted zones.
SL as usual is above the easily predictable price levels - stop hunt protection.
The one is the predominant uptrend and if the Fib level keeps at max the 0.786 it can give a strong uptrend with a target No1 1927.
The second is the continuation (intermmediate trend) inside the channel until the last month's low of 1886.
GL!
Gold lays in a very interesting point.
It can go either ways based on the depicted zones.
SL as usual is above the easily predictable price levels - stop hunt protection.
The one is the predominant uptrend and if the Fib level keeps at max the 0.786 it can give a strong uptrend with a target No1 1927.
The second is the continuation (intermmediate trend) inside the channel until the last month's low of 1886.
GL!
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